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Bud Wilfore, Yancey Bros. COO, Announces Retirement Plans

Fri October 28, 2011 - Southeast Edition
Construction Equipment Guide

Bud Wilfore, Yancey Bros. Co.’s Chief Operating Officer, recently advised the company’s Board of Directors’s of his plans to retire at the end of January, 2012. Wilfore began his Caterpillar Dealer career in 1974 as a Management Trainee at Carter Machinery Company, the Caterpillar Dealer for Virginia and Southeastern West Virginia. He joined Yancey in 1989 as General Sales Manager. After four years, he was promoted to Vice President. He was named chief operating officer with responsibility for total company operations in 2006. During his time with Yancey, Bud led several key acquisitions including the purchase of The Carlton Company, which expanded Yancey’s Caterpillar territory to encompass the entire state of Georgia, and Pioneer Machinery, resulting in a complete line of Caterpillar and Prentice forest products. Bud also directed the launch of the Cat Rental Store and Building Construction Products Division in 1999.

On his pending retirement, Wilfore commented, “It is with both excitement and sadness that I am announcing my decision to retire at the end of January. It goes without saying that recent years have been difficult on everyone. However, I believe the worst is behind us and most importantly, I will be leaving behind a team fully capable of handling whatever challenges and opportunities the future may hold. At the same time, it saddens me to know I will be leaving behind a family of business friends, employees and customers, who have made this such an enjoyable and rewarding career.”

Jim Stephenson, Yancey Bros. Co. President and CEO, reflected on his time with Bud. “In the 97 year history of Yancey Bros. Co., it would be hard to name anyone whose contributions have been more consequential in the growth and success of our great company. Bud has been a great partner for me in the leadership of Yancey Bros. Co. and though he will surely be missed, he has well earned a long and happy retirement. I am also glad to announce that he will continue to serve Yancey Bros. Co. as a member of our Board of Directors. I do believe he leaves us with a team in place that will carry us to yet new levels of exceptional performance.”

“Following Wilfore’s departure, Trey Googe, Vice President, Machine Sales, will be promoted to the position of Machine Division General Manager. He will be joined by Eric Arnold, Engine Division Vice President And General Manager, and Marshall Ford, Vice President And Chief Financial Officer. These three experienced leaders will report directly to me and provide the direction for the entire Team Yancey to ensure that we continue to deliver on our company mission, ’Serve, Solve, Succeed.’”

Marshall Ford joined Yancey Bros. Co. in 2010 as Chief Financial Officer. In addition to the corporate finance office, his responsibilities include Information Technology, Human Resources and Credit departments. Prior to joining the company, Marshall was Executive Vice-President Finance with Sage Software, Director of Finance with Deere & Co. and Manager, at KPMG, Atlanta. He is a CPA and a graduate of Tulane University. Marshall, his wife, Nancey, and their four children, reside in Atlanta.

Trey Googe has been with Yancey since 2007 and currently serves as Vice President, Machine Sales, with responsibility for the company’s Machine Division Sales activities, as well as Corporate Marketing. Trey also serves as the company Strategy Champion. Prior to his current responsibilities, he had management responsibility for General Construction products group, which included The Cat Rental Store and Caterpillar small machine business. He began his career as a corporate lawyer with King and Spalding, then worked in investment banking with Robinson-Humphrey and Robertson Stephens focusing on mergers and acquisitions. Trey is a native of Tifton, Ga., and graduated from both the Terry College of Business and law school at the University of Georgia. Trey and his wife, Lesee, live in Atlanta with their three children.

Eric Arnold has had responsibility for all Engine Division businesses since joining Yancey Bros. Co. four years ago. In addition to the traditional Caterpillar Power Systems business, he has responsibility for Yancey Engineered Solutions (Generator-set packaging and testing services), Blue Bird Bus Sales and Service, and International Truck Sales and product support operations. Prior to joining the company, Eric was with Caterpillar Inc. for 16 years with field sales responsibilities in Europe. Later, he was responsible for the North American Perkins distribution network and was Manager for Caterpillar’s On-Highway Truck Engine business in the Southeast. He is a CPA and a graduate of Eastern Illinois University. He and his wife, Melanie, have three children and reside in Cobb County.

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