a:34:{s:9:"weblog_id";s:1:"4";s:8:"entry_id";s:2:"34";s:6:"sticky";s:1:"n";s:14:"allow_comments";s:1:"n";s:16:"allow_trackbacks";s:1:"n";s:10:"entry_date";s:19:"2008-02-05 08:46 AM";s:15:"expiration_date";s:0:"";s:23:"comment_expiration_date";s:0:"";s:8:"category";a:1:{i:0;s:1:"6";}s:9:"author_id";s:1:"2";s:10:"new_weblog";s:1:"4";s:6:"status";s:4:"open";s:14:"trackback_urls";s:0:"";s:18:"versioning_enabled";s:1:"y";s:5:"title";s:64:"Kaiser Brothers Sell 70 Percent of Stock in Kaiser Electric Inc.";s:9:"url_title";s:63:"kaiser_brothers_sell_70_percent_of_stock_in_kaiser_electric_inc";s:6:"submit";s:6:"Update";s:11:"field_id_26";s:64:"Kaiser Brothers Sell 70 Percent of Stock in Kaiser Electric Inc.";s:11:"field_ft_26";s:4:"none";s:11:"field_id_30";s:269:"For more than 50 years, Kaiser Electric Inc. has been a family-owned and run business. But on January 1, the company\'s three owners, brothers Robert, James and John Kaiser, sold 70 percent of their stock in the company to five long-time and trusted Kaiser employees...";s:11:"field_ft_30";s:4:"none";s:11:"field_id_31";s:0:"";s:11:"field_id_44";s:269:"For more than 50 years, Kaiser Electric Inc. has been a family-owned and run business. But on January 1, the company\'s three owners, brothers Robert, James and John Kaiser, sold 70 percent of their stock in the company to five long-time and trusted Kaiser employees...";s:11:"field_ft_44";s:4:"none";s:11:"field_id_28";s:0:"";s:11:"field_ft_28";s:4:"none";s:11:"field_id_38";s:0:"";s:15:"field_offset_38";s:1:"y";s:11:"field_id_39";s:0:"";s:15:"field_offset_39";s:1:"y";s:11:"field_id_40";s:0:"";s:11:"field_ft_40";s:4:"none";s:11:"field_id_29";s:4679:"<p>For more than 50 years, Kaiser Electric Inc. has been a family-owned
and run business. But on January 1, the company\'s three owners,
brothers Robert, James and John Kaiser, sold 70 percent of their stock
in the company to five long-time and trusted Kaiser employees.</p>
<p>Robert B. Kaiser founded Kaiser Electric Inc. in 1952 and passed ownership of the company to his sons when he retired in 1988.</p>
<p>\"Since the three Kaiser brothers are each beginning to reach
retirement age, and there are no second generation Kaisers to take over
the company, we thought it was a good time to address succession in the
company,\" said Robert Kaiser, 65. \"This stock deal was also important
because it allowed us to keep the good employees that we had, while
providing them with a tremendous incentive.\"</p>
<p>Executive Vice President of Operations Steve Giacin, 45, holds the
majority of the stock in Kaiser Electric at 30 percent. Four employee
shareholders, and the three Kaiser brothers, now each own 10 percent of
the company\'s stock:</p>
<ul>
<li>Jerry Dorhauer, 43, senior estimator, has been with Kaiser Electric for six years.</li>
<li>Mike Lundry, 40, CFO (CPA), has been with Kaiser Electric for eight years.</li>
<li>Mike Murphy, 44, vice-president/project manager, has been with Kaiser Electric for seven years.</li>
<li>Ken Naumann, 43, vice-president/project manager (PE, RCDD), has been with Kaiser Electric for eight years.</li>
</ul>
<p>\"The Kaiser family has owned this company for a long time and we
have enormous shoes to fill as new owners,\" Giacin said. \"We are very
aware of the responsibility that comes with maintaining the
well-respected image that Kaiser Electric has achieved in this
community.\"</p>
<p>Giacin, who has worked for Kaiser Electric for 10 years, will
succeed George Azzanni as president of the company in January 2009.
Azzanni, 59, has been with Kaiser Electric for eight years, with more
than five years served in the president\'s seat.</p>
<p>\"I have served in almost every role in the business other than being
president,\" Giacin said. \"I am very much looking forward to the
president\'s position with the team that we have in place. I have been
very fortunate throughout my career to observe and learn from some key
individuals. My goal in the top position will be to continue operating
and growing the company in the manner it has been done for the past
50-plus years.\"</p>
<p>Kaiser praised the work that Azzanni has done for Kaiser Electric. Azzanni will remain with the company until his retirement.</p>
<p>\"George\'s vision and his ability to assemble an excellent staff has
been a large part of Kaiser\'s success and we are excited that he will
continue on our management team after January 2009,\"Kaiser said.</p>
<p>In 2007, Kaiser Electric Inc. generated sales of $34 million in
commercial, industrial and communications electrical projects. Major
projects have included:</p>
<ul>
<li>Lighting of the Gateway Arch</li>
<li>Cardinal Glennon Children\'s Hospital addition/renovation</li>
<li>Metropolitan Sewer District\'s Lower Meramec Lift Station in St. Louis County</li>
<li>SSM St. Joseph\'s Hospital expansion in Lake St. Louis</li>
<li>St. Charles Community College expansion</li>
<li>BJC O\'Fallon (Progress West)</li>
<li>Westar Headquarters in St. Charles</li>
<li>St. Lukes OSB</li>
<li>Vatterott College, North Park</li>
<li>Emerson Auditorium</li>
</ul>
<p>Kaiser and his brother Jim, 61, will continue to be active in the company until their retirement.</p>
<p>\"Kaiser Electric is fortunate to have a large group of veteran
project managers that are the back-bone of the company. Their expertise
and relationships are invaluable. But, to bring long-term continuity to
our company, I needed to build the company around our key, younger
employees,\" Kaiser said. \"These five are extraordinary individuals that
have great skills in this industry and have done a fabulous job for
Kaiser. I am convinced that this new leadership will enable Kaiser to
grow, continue to perform the excellent work that we do for our
customers, and to carry on Kaiser\'s reputation for providing a great
place to work for its electricians and office staff.\"</p>
<p>Kaiser Electric Inc., based in Fenton, MO, has been providing
electrical contracting and engineering services to the St. Louis metro
area for more than 50 years. The company focuses primarily on
industrial, commercial and communications projects and employs about
155 electricians and 34 staff members and has a fleet of 60 vehicles.
For more information visit <a href=\"http://www.kaiserelectric.com/\">www.kaiserelectric.com</a> or call 636/305-1515.</p>";s:10:"category_0";s:1:"6";}