When a company has such a long and storied history in business, there are pivotal moments — key decisions — that are often difficult in the moment but lead to greater success in the future.
The decision for the Mannix family to exit the construction industry after 80 years in the business is one of those moments.
“The construction industry is what launched this group in 1898, so to acknowledge that we had to exit was not an easy decision,” recalled David L Gjosund, who joined Loram in 1978 as a special projects accountant and became Mancal’s controller one year later. “I’m sure for the Mannix brothers, it must have been a difficult decision. However, one of the characteristics of the brothers that has really impressed me is their dogged determination to listen to the advice of other counsellors, no matter how challenging to their own preference.” On November 8, 1984, the difficult decision was made to exit the construction business.
With a focus on making shrewd decisions and handling them with grace and integrity — keeping people first.
