Peterson Builders Elects New Chief Executives

Peterson Builders, Inc. (PBI) of Sturgeon Bay, Wis., recently announced the election of two executives to senior level positions.

James M. Stawicki, vice president and chief operations officer since 1995, was named president of the company. Ellsworth L.

Peterson, who occupied the presidency for 31 years, was elected chairman of the board.

In June 1995, the company announced its decision to sell its shipbuilding division at Sturgeon Bay, due to U.S. defense spending cutbacks and changing marketplace conditions. PBI has completed an auction of its personal property and equipment related to shipbuilding, and the real estate will be developed for purposes other than shipbuilding.

PBI's remaining operations include a ship repair operation in Ingleside, Texas; a spare parts procurement and logistics business in Sturgeon Bay and Virginia Beach, Va.; and a calibration lab, marina and corporate support group — handling the licensing and support of vessel designs and management of the company's real estate — in Sturgeon Bay.