Terral RiverService, Inc. is a family-owned company. Oftentimes, smaller-scale companies like this don’t have the opportunity to seek consultation on business decisions from outside of their own walls, aside from stock and share holders.
In order to tap into outside talent for advising on strategic decisions, the team at Terral formed their advisory board. Made up of five businessmen from across the United States, the board meets annually with leadership from Terral to discuss impending business matters.
Each of the board members have various expertise and experience in business, many of them currently being or having been executives and/or senior managers in their careers.
Terral’s President and CEO Tom Gattle said that he and the rest of the leadership team at Terral see the advisory board as an invaluable asset to the company.
“Our advisors have incredible experience in business across the board,” he said. “They come from diverse but well-balanced backgrounds, and having them look over our shoulder as we make business decisions is so helpful.”
Terral doesn’t only see their board as strictly business – friendships have formed over time that have allowed them to work well with one another.
“We think the world of our board members,” Gattle said. “We’ve thoroughly enjoyed getting to know each of them and letting them get to know us and our business.”
Board member Tom Addington agreed.
“I love being a part of this board,” Addington said. “We get to spend time together and get to know one another all while adding value to a company we love.”