Tank Connection (TC), recently announced its president and CEO, Bill Neighbors will be stepping down in September.
The company recently crossed the 500-employee mark and announced earlier this year their transition as an ESOP, employee-owned company.
“This has been my personal plan for some time, but I also wanted to make sure that the right pieces were in place for Tank Connection to advance to the next level as the industry leader in storage,” said Neighbors. “I could not be more pleased that an ESOP trust is now in place and that our employees will be the beneficiaries of this trust down the road.”
Vince Horton, current vice president of sales, will be named company president upon Neighbors’ departure. Horton is a founding partner and has served as an executive staff adviser from day one.
“Going forward, my plan is to sit on the company board of advisors until the ‘end of time’ or until my services are no longer needed,” Neighbors said. “There will be no loss of my services, vision and input. In essence, I am moving over so that others can move up. In my view, this is just one more aspect about TC that keeps our employee culture dynamic.”