For the first time in its 75-year history, Orlando, Fla.-based Hughes Supply will have a non-family member as its chief executive officer. Tom Morgan, who was hired as president/chief operating officer in March 2001, was appointed to the additional role of CEO by the company's board on May 20.
David Hughes, who was named president in 1972, CEO in 1974 and became chairman/CEO two years ago, will remain as chairman of the company. Under his leadership, the company has grown from being a local building supplies distributor with sales of $30 million to a diversified national company with sales of more than $3 billion. Today Hughes has more than 450 branches in 34 states. It was ranked No. 2 in SUPPLY HOUSE TIMES' 2003 Premier 150, based on fiscal 2002 performance.