Jim Estill, President & CEO, Danby Appliances
Property managers and operators fully recognize the value of resilient and energy-efficient appliances. It’s not much fun when air conditioners stop working on the hottest summer day or when a heating system breaks at night. As such, today’s SHURE IYE will feature an exciting discussion of appliances- and what owners, managers, and homeowners should know about resiliency, simplicity, and innovations in everything from washer dryers to dishwashers to wine coolers.
Jim Estill is an engineer who needed a computer to help him design circuit boards while in university. He got a better deal if he bought 2, so he bought two and sold one, then bought two more, then a printer, etc. Next thing you know, he was buying and selling computers. He built that business to $2 Billion in sales. He then retired.
Jim sat on the board of Danby Appliances, and the CEO resigned. He said he could go in and run it and realized he had retired too early once he was back running a company. The ownership group asked him to sell it, and Jim asked, “How much?”. They told him, and he said okay and bought the company he now runs. Danby makes and sells about 2,000,000 appliances per year. Danby specializes in European-sized white goods.