Inside Memphis Business
The IMB Tip Sheet gives you quick hits of Biz901 news around town. Read on, stay informed, see who's going where, and plan for the coming weeks. 
by Jon W. Sparks and Samuel X. Cicci

DECEMBER 13, 2019
Like A Boss: CEO of the Year
News from other sources: American Nightmare?
Upcoming: This weekend
Hot Sheet: Who’s going where
Power Player: Carma Jude
Quotable: Steve Lockwood
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Inside Memphis Business is proud to announce its 2020 CEO of the Year honorees. Join us on Thursday, February 20, 2020 as we honor (clockwise from top left) Dr. James Downing of St. Jude Children's Research Hospital in the 1000+ employees category, George Hernandez of Campbell Clinic (200-1000 employees), William J. “Will” Chase, Jr. of Triumph Bank (50-200 employees), and Briggette Green of TopCat Masonry Contractors, LLC (up to 50 employees). 

Memphis is graced with tremendously talented, inspiring executives in charge of their companies and organizations and these exceptional leaders are setting standards of success in healthcare, banking, and construction. 

> Dr. Downing, president and CEO of St. Jude Children’s Research Hospital, oversees an organization that blends clinical care with scientific research using a nonprofit operational model. He created a $7 billion, six-year strategy for accelerating cures for cancer and other childhood diseases.

> Mr. Hernandez is CEO of Campbell Clinic Orthopaedics and executive director of the Campbell Foundation. He is overseeing construction of a new 120,000 square-foot four-story medical facility, equipped with more physical therapy and imaging suites, eight new outpatient surgery rooms, and state-of-the-art medical technology while creating 185 new jobs over the next three years. 

> Mr. Chase is president, CEO and founding board member of Triumph Bank (founded 2005) and has 37 years of commercial and retail banking experience in the region, with a focus on building relationships within the community.

> Ms. Green of TopCat Masonry Contractors, a first generation, family owned and operated company, has co-founded TAP Apprenticeship Program with two other construction companies in order to bring awareness and help prospects earn a living wage while developing a life-long skill set.
Our awards breakfast will honor these four CEOs and will include remarks by Jack Soden of Elvis Presley Enterprises, one of the winners from last year. 
The presenting sponsor of CEO of the Year is eBiz Solutions. A breakfast honoring the leaders will be on February 20, 2020 at Hardin Hall at the Memphis Botanic Garden. Tickets are $25 per person and include breakfast. Tables of 10 are available for $200, a savings of 20 percent. Get tickets here.

> The vultures come in, often from out of town, buy up homes and in low-income neighborhoods — sometimes by the hundreds — wringing what profits they can from them, leaving the empty shells, and moving on. It's not the American Dream in Memphis. Read Toby Sells' story in the Memphis Flyer here. 

> Jacob Steimer at the Memphis Business Journal takes a look at what Willie Gregory, the new Greater Memphis Chamber chairman, is aiming to do. Read the story here. 

> The Center City Revenue Finance Corp. this week approved tax abatements for repurposing buildings in Downtown and Midtown. Read Wayne Risher's story in the Daily Memphian here.

> A crude oil pipeline stretching 45 miles is being proposed to run from Memphis to Marshall County, Mississippi. Read Max Garland's story in The Commercial Appeal here.


> Need to know what to do this weekend? Check out Memphis magazine's Five Things To Do This Weekend here.

Who's getting promoted? Who's closing big deals? Who's getting awards? Inside Memphis Business magazine's Hot Sheet has the latest on milestones in Memphis.

> Diversified Trust expanded its leadership team with the promotion of Michael Gragnani (pictured) to managing principal.

Hi-Speed Industrial Service recently earned its certification as an AEGIS Trained Installer, making it the only business to do so in the Memphis and North Mississippi area.

> Baker Donelson named Matthew S. Mulqueen as chair of the Memphis branch’s Pro Bono Committee Office.

LEO Events was named in Chief Marketer’s “Top 200 Engagement and Experience Agencies” for 2020.


Inside Memphis Business magazine publishes a list of local Power Players every year. These are the movers and shakers in more than 30 categories who get things done in their respective fields. IMB’s April issue has the complete list. We also publish individual categories in other issues throughout the year, and we feature individual Power Players in our weekly Tip Sheet.
This week’s Power Player is Carma Jude portfolio manager, Healthcare Realty. B.S., Business Management, Louisiana Tech University; M.B.A., Finance and Real Estate, U of M. Certified Commercial Investment Member. Company owns seven properties totaling 516,000 square feet in Memphis.
For the complete list of Inside Memphis Business Power Players, go here.

"I'm still trying to tip the ratios here, or figure out at what point is this no longer prime feeding ground for investors. I'm afraid it's prime feeding ground for quite a while yet, and there's not much I can do about that."
Steve Lockwood, director of the Frayser Community Development Corporation. Read Toby Sells' story in the Memphis Flyer here. 

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