After serving 35 years as Chairman for Hubbell Realty Company’s Board of Directors, Jim Hubbell III is stepping down from his role. Hubbell served as President and CEO of Hubbell Realty Company from 1983 until 2004, when he handed the leadership role to now-President and CEO Rick Tollakson. Hubbell, one of the last to carry on the Hubbell-namesake, has continued to be a leader and guide for the company through the renovation of Riverpoint Business District in the ‘80’s, the Court Avenue District restoration in downtown and many other pivotal real estate development movements throughout Central Iowa.
“I am so fortunate to have worked with Jim for so long; first in a President and CEO position and then as Board Chairman. I consider him one of my great mentors and his leadership has been imperative to the company’s successes to date,” said Tollakson.
Hubbell Realty Company has named long-time board member Fred Ingham as the new Chairman of the Board of Directors. Ingham, who has served on the board since November 1984, is also a fifth-generation member of the founding family, F.M. Hubbell. Ingham is currently the Secretary of the American National Bank, serving on the board of directors, compensation and loan committees.
“I have witnessed firsthand how Hubbell has maneuvered through difficult times and the good times in the real estate business. In the 1980's the banks suddenly required higher levels of equity in all our properties and projects. Moreover, the Great Recession of 2008 brought its own unique challenges. During this time span, Hubbell was able to evolve from a commercial property owner to a developer and manager of many varied types of commercial and residential projects. As Chairman, keeping the company evolving, ever mindful of all our stakeholders and having a financial plan ready, will always be at the forefront of our decision making. I have a special responsibility to all our partners and stakeholders, that our business is run with the highest ethics and is always kept financially sound,” said Ingham.