Ben Barber, the new owner of Inovonics, has pledged to keep the company on its current trajectory. This follows last week’s announcement that after 50 years at the helm, founder Jim Wood had passed ownership of the company on to Barber.
Wood managed Inovonics until 2006 when he turned day-to-day operations over to Barber, then COO. Barber became president and CEO in 2012. According to Wood, “Ben’s decisions over the past 16 years represent the direction the company will continue to follow.”
“I am humbled and blessed for the opportunity to continue the company Jim started 50 years ago,” said Barber. “We have a good name, and my goal is to continue to carry on his legacy.” Barber added that very little would change at Inovonics and that the company would “continue to follow its mission statement: build great gear, sell it worldwide, and provide a stable and sustainable work environment.”
Wood says he plans to maintain ties to Inovonics in an informal advisory capacity but will keep busy in his retirement with projects he’s put off over the years due to his concentration on business.
