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Verle B. Hammond
After retiring from the US Army in 1984 as, Mr. Hammond joined Innovative Technology, Inc. (ITI) as the company’s Army Program Manager. In less than a year he was promoted to Senior Vice President and Director of Operations with responsibility for all technical and administrative operations. During his five years at ITI, revenue from Army sources increased an average of 338% per year. Mr. Hammond is President and CEO of Innovative Logistics Techniques, Inc. (INNOLOG). Since founding INNOLOG in 1989, he has grown the company to its current status as one of the nation's leading providers of supply chain logistics solutions. Since its inception, INNOLOG has grown from a staff of 15 with a $250,000 contract to over 200 employees and annual revenues of around $27 million. Deloitte and Touché recognized INNOLOG as part of its 1998 Virginia Fast 50 ranking of the fastest growing technology companies in the state. Black Enterprise Magazine has recognized INNOLOG since 1996 in its annual "Top 100" listing of America's largest and most successful black-owned companies. INNOLOG maintains its corporate headquarters in McLean, Va., with key field sites in Ohio, Florida, Utah, Massachusetts, Illinois, Washington D.C. and Virginia. As the Founder and CEO of INNOLOG he has been at the forefront of out-of-the-box logistics thinking in areas such as asset visibility and supply chain technology. He generously shares his business acumen with other start up small businesses on both an individual and corporate level. INNOLOG has been a Mentor company for several years in the U.S. Defense Department’s Mentor Protégé program. INNOLOG has been a protege company for several years in the Small Business Associations' Mentor Protege Program. He recently received the Parren J. Mitchell Foundation’s Lifetime Achievement Award for his achievements as a minority business owner. In December 2002, Mr. Hammond and his wife Eleanor (a retired educator) founded The Verle and Eleanor Hammond Foundation as a non-profit public charity. The current geographic focus is Loudoun County, Virginia and St. Johns County, Florida. The foundation focuses on working with families, schools, and communities to enable and inspire youth who are not given the opportunity to realize their full potential, through programs that increase their visibility and self awareness. Mr. and Mrs. Hammond strongly believe that children can reach their maximum potential when they are encouraged to do so. |
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