News Summary
The Alabama Business Hall of Fame will welcome six new inductees during an annual ceremony in Birmingham. This event honors significant contributors to Alabama’s business sector. The inductees include leaders from various industries who have demonstrated exceptional leadership and commitment to community service. The ceremony, organized by the Culverhouse College of Business, celebrates the entrepreneurial spirit vital to the state’s economic growth.
Alabama will celebrate the induction of six new members into the Alabama Business Hall of Fame Class of 2025 during its annual ceremony on November 13, 2025, at Haven in downtown Birmingham. This prestigious event is organized by the Culverhouse College of Business at the University of Alabama and aims to honor individuals who have made significant contributions to the state’s business landscape.
The newly inducted members include:
- Terry C. Anderson (Florence) – Chairman and CEO of American Promotional Events, Inc. (TNT Fireworks).
- Fournier J. “Boots” Gale III (Birmingham) – Of counsel at Maynard Nexsen PC and former general counsel at Regions Financial Corporation.
- Benny M. LaRussa Jr. (Birmingham) – Founder and CEO of Sterling Capital Management.
- Tim M. Parker Jr. (Tuscaloosa) – Chairman of Parker Towing Company.
- William “Bill” J. Stevens (Vestavia Hills) – Retired CEO of Motion Industries.
- Susan N. Story (Gulf Breeze, Florida) – Retired president and CEO of American Water Works Inc.
The Alabama Business Hall of Fame was established in 1973 to celebrate those who have played a crucial role in shaping Alabama’s business environment. The inductees were selected by a 26-member board consisting of previous Hall of Fame members and business leaders associated with Alabama’s higher education institutions. This process ensures a careful and considerate selection of candidates who embody the spirit of entrepreneurship and community service.
Terry C. Anderson, who leads TNT Fireworks as a third-generation owner, has earned a reputation for his commitment to philanthropy, particularly in higher education. Under his leadership, TNT Fireworks has become a well-known brand in the fireworks industry. Anderson also serves on various boards, contributing to the advancement of business and community initiatives.
Fournier J. “Boots” Gale III has made notable contributions to Alabama’s legal profession. A past president of the Alabama State Bar, he has also served as chairman for multiple higher education commissions, indicating his strong advocacy for education in the state. His legal expertise has benefited many organizations and businesses throughout Alabama.
Benny M. LaRussa Jr. is recognized for his ability to create jobs and foster community development through his holding company, which encompasses several active businesses. His entrepreneurial spirit has significantly impacted local economies in Birmingham, helping to strengthen neighborhoods and provide employment opportunities.
Tim M. Parker Jr. has played a pivotal role in the success of Parker Towing Company, a leader in commodities transportation. His experience extends beyond the business realm into public service as he has previously served in the Alabama Legislature, indicating his engagement with community development and legislative processes.
William “Bill” J. Stevens led Motion Industries during a significant growth phase, doubling the company’s sales during his tenure. His leadership has earned him several accolades, marking him as a respected figure in the industrial distribution sector.
Susan N. Story made substantial contributions while serving as the president and CEO of American Water Works, leading the utility sector through significant transformations. Her leadership has been recognized for its positive impact on the industry, making her one of the prominent figures in corporate leadership.
The annual induction ceremony serves as a remarkable occasion to honor these distinguished individuals, celebrating their contributions to Alabama’s economic growth and community development. For over four decades, the Alabama Business Hall of Fame has stood as a testament to the vision, innovation, and dedication of those who have shaped the business world in Alabama.
Deeper Dive: News & Info About This Topic
- Yellowhammer News: Alabama Business Hall of Fame Unveils 2025 Inductees
- Wikipedia: Alabama Business Hall of Fame
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- Google Search: Alabama Business Hall of Fame
- Business Alabama: Kiwanis Club Inducts Five into Hall of Fame
- Encyclopedia Britannica: Business
- Bham Now: Birmingham Business Hall of Fame Inductees Announced
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Author: STAFF HERE BIRMINGHAM WRITER
The BIRMINGHAM STAFF WRITER represents the experienced team at HEREBirmingham.com, your go-to source for actionable local news and information in Birmingham, Jefferson County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Sidewalk Film Festival, Sloss Music & Arts Festival, Magic City Classic, and civil rights commemorations. Our coverage extends to key organizations like the Birmingham Business Alliance and the Birmingham Civil Rights Institute, plus leading businesses in healthcare, finance, and manufacturing that power the local economy such as UAB Medicine, Regions Bank, and Encompass Health. As part of the broader HERE network, including HEREHuntsville.com, we provide comprehensive, credible insights into Alabama's dynamic landscape.
