How Walter Blessey Jr. places success in the hands of Blessey Marine Services' employees
Walter Emanuel Blessey Jr., chairman and CEO
Blessey Marine Services Inc.
AWARD RECIPIENT
Walter Blessey Jr.
The way that Walter Blessey Jr. measures the success of his company is through his people. He is successful, he says, because his employees are great at their jobs. Like so many entrepreneurs, Blessey used to do everything himself, and now he has learned to put his faith in individuals and their abilities to do what they do.
Blessey Marine Services Inc., a multi-faceted inland tank barge and towing vessel fleet, and its employees have a track record of improving revenue by more than 25 percent in the last three years, so it's easy to see why Blessey, chairman and CEO, has faith in the team that he's assembled.
Blessey puts a great deal of time into his employees, not just on the job site, but away from the office or fleet as well. To show his employees how much faith he has in them, Blessey has a unique program that allows all employees to buy shares in the newest additions to the company fleet. Employees invest their personal money into shares of ownership in newly constructed vessels. The employees usually make their investment back within two or three years of the vessel being placed into service. The investment will continue to produce income for another 25-30 years.
There are many things that make Blessey and Blessey Marine Services original and innovative. One area that stands out is the Captain's Club meetings for when all of the captains are in town together in order for everyone to meet each other. Blessey believes that it's vital that every employee gets to know fellow Blessey co-workers.
To this end, the Blessey team also holds an annual trip to reward high-level executive team members and captains of boats without any injuries, safety issues or downtime. The trip gives everyone a great opportunity to get to know each other and boost the bond among office and field personnel even further.
How to reach: Blessey Marine Services Inc., www.blessey.com