President & CEO Kim Shelpman Puts Holiday on Ice
In Melbourne, Fla., home building is not what it was. Mercedes is stalled out, and Holiday is, well, taking some needed time off from the Florida residential construction market.
Tom Eggleston ankled his CEO post at C.P. Morgan as a cost-saving move 18 or so months ago, but it couldn’t save the company. McStain Neighborhoods’s CEO Eric Wittenberg did the same, and McStain continues operations on life support with no headquarters offices.
In this case, president and CEO Kim Shelpman is taking one for the employee-owned Holiday team, hoping that taking her salary off the top of the cost-base can give the company time to find its stride in non-Florida markets.
Here are some of Shelpman’s comments to Big Builder senior editor Teresa Burney this afternoon.
Click image for access to Holiday Web site
“It’s all good stuff,” said Shelpman. She stressed that, as being on the boards of trustees and directors, she still has ties to Holiday, where she worked as CEO for nearly three years.
“Truthfully it was my decision to make. We were obviously going through right sizing the company and at the end of the day it made all the sense in the world to put my name on the list.”
“It gets to the point where you are looking at a very different company. Again, sacrificing myself made more sense than anything else.
“I had thrown it around for probably the last month or two because we were planning a company reduction. As you are shrinking, the decisions get tougher and tougher. You are getting into you’re a-player layers. None of the decisions are easy, but at the end of the day it made sense to put my name on the list.”
“The company is a fantastic company to work for and I want to see them weather the storm and be standing and ready to take advantage of the opportunities when the market turns.”
“The love I have for the company has never diminished and I want to see them be survivors.”
She said she doesn’t have a plan for yet for what she will do next. “I wish I did have a plan,” she said.
We would not encourage getting in a golf match for money with her when she’s had a couple of weeks off. As soon as she gets tuned up with the flat stick, she’s going to be lethal to opponents.
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I have a new book coming out on the housing crisis. Who would I send it to? thanks, John Wasik
I coached Kim Shelpman in the Middle School in Pleasant Hills. Is this the same? I am thrilled to see you so successful.