The world’s changing, but we’ve been out there trying to lead the change.”ĭistribution can be a tedious business, but John Ingram is passionate about it. “We have tremendously competent and capable management and boards of directors who have seen and done a lot. “We didn’t just fall off the turnip truck,” John Ingram said. He shrugs off any notion that he and his brothers are anything less than capable of leading the companies his father built. Ingram Book plans to move forward as an independent company, although John Ingram does not rule out another deal. John Ingram, the 37-year-old middle son, guides Ingram Book Group and orchestrated the since- terminated plan to sell the company to Barnes & Noble.
“They’re down to earth and take their responsibilities very seriously.” “They don’t have those airs, and they don’t have the destruction and distortion you so often think of in terms of second- and third-generation wealth,” Lacy said. Those who have watched the Ingram sons say they bring a sobriety to business that has served them well in the years since their father’s death. She serves on several other boards of directors, including those of Weyerhaeuser Co., Baxter International Inc. Martha Ingram, who declined to interviewed, has delegated most of the responsibility for day-to-day operations of the companies to her sons, according to people familiar with the family’s operations. Before that, she spent 16 years as the company’s public affairs director.
That leaves the family’s holdings in the hands of the three sons, all in their 30s and matriarch Martha Ingram, who became chairwoman of Ingram Industries in 1995 and chief executive in 1996. Until recently, he was the chief executive of Borders Group Inc. Lacy, who is semi-retired, sits on Ingram Industries’ board but is not involved in its day-to-day operations.Īlso in 1996, Pfeffer, who built Ingram Book Group, left on friendly terms to become chief operating officer of publisher Random House. The rift between Lacy and the family has since healed. Six months later, Ingram Micro was spun off in an initial public offering. Linwood “Chip” Lacy, whose vision created Ingram Micro, left the following year after a bitter dispute over control of the company.
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