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Business Executives of the Year

Homecoming 2003

Wallace W. Fowler.
Wallace W. Fowler currently serves as Chairman of Liberty Bancshares, Inc., Liberty Bank of Arkansas (formerly named the Bank of Jonesboro) and Fowler Foods, Inc. He also serves as Vice Chairman of Russellville Bancshares, Inc. A graduate of Manila High School, Mr. Fowler attended the University of Arkansas, Fayetteville. He is a member and past Chairman of the Jonesboro Municipal Airport. Commission and serves on the Executive Committee of the Jonesboro Industrial Development Commission. Mr. Fowler is Past Chairman of Jonesboro Unlimited and a former member of the Governor's Citizens Council on Highways and Transportation. He is also the Former Chairman of the Arkansas Economic Development Commission.

H. Thomas Loberg. H. Thomas Loberg is the founder of Hytrol Conveyor Company, Inc. and serves as the Chairman of the company's Board of Directors. He was born in Milwakee, Wisconsin and graduated from West Allis School. He began his career as a draftman for Allis Chalmers while attending a local college in Wisconsin. Mr. Loberg opened a small machine shop with a friend and this helped to satisfy his desire to build things. He managed to invent several devices, but in 1947 Les Jarlsburg requested that Mr. Lobert build him a conveyor to aid in stacking sacks of seed allowing for more efficient use of floor space. He was successful in creating a conveyor that is now named Ole # 1. After building that initial conveyor, Mr. Loberg began manufacturing conveyors to meed the specific needs of his customers and quickly realized that he needed someone else selling the conveyors while he concentrated on manufacturing them. This was the birth of the distributor network that has grown from one distributor in Chicago, Illinois to 63 distributors with 22 operating internationally representing 13 countries. Mr. Loberg has built a company on the philosophy of fierce dedication to that distributor network and to its customers. His company in the number one manufacturer of conveyor hardware. Hytrol has grown from employing 26 people when it moved to Jonesboro in 1962 to more than 725 people being part of the Hytrol family today. He has made a tremendous impact on Jonesboro and Northeast Arkansas by providing quality employment within our region. Mr. Loberg and many of his staff have provided vision and support to the continued economic development that we enjoy in our region today.


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