Blain's Farm and Fleet executive retiring

By Paul Gores of the Journal Sentinel

The top executive of Blain's Farm and Fleet stores is retiring and will be succeeded by his sister, the company said Tuesday.

Robert Blain, president, chief executive and co-owner of Janesville-based Blain Supply Inc. and Blain's Farm and Fleet, will step down June 25.

Company executive Jane Blain Gilbertson already has assumed the roles of president, CEO and sole owner, the company said. A formal leadership transition will take place over the next few weeks, the retailer said.

Robert Blain, 61, has been with the companies for 38 years and has been president since Robert's and Jane's father, Bert Blain, died in 1993. During Robert's 20 years as president, the companies opened stores in seven new markets. taking locations to 35 from 28 in Wisconsin, Illinois and Iowa.

When Robert became president in 1993, the companies had 2,787 employees. Today the work force is 4,000.

Robert Blain addressed employees in a presentation and statement Monday. According to the company, he said: " I know we are in great shape as a company and I leave this place I love...in the very capable and talented hands of my sister, Jane. I leave here firmly believing that these companies are well on their way to a very bright future, and Jane will continue to provide the stewardship for the people who depend on it for their livelihood and the communities that it serves."

Jane Blain Gilbertson said the company "has always been a family business, and it will continue to be a strong, family owned business."

"It was especially important to Robert, me and our respective families that we remain a close family as well through this transition, which we have already accomplished," she said.

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Paul Gores covers banking, residential real estate, retail issues and other business topics.

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