A pair of awards were presented during the recent 12th annual Utah Economic Summit in Salt Lake City, organized by the Governor’s Office of Economic Development.
The Outstanding Company of the Year is Petersen Inc., a manufacturing company serving customers worldwide. Started in a garage in 1961 by Denis Petersen and his son, Steven M. Petersen, the company now has facilities in Ogden and Pocatello with over 1.2 million square feet housing fabrication and machining equipment.
The company has five operating divisions: fabrication/manufacturing, precision machining, design engineering, warehousing and distribution, and field services.
The Lifetime Achievement Award recipient is Wilford W. Clyde, chairman and chief executive officer of Clyde Companies Inc., a construction and insurance organization with 3,500 employees in 50 locations through the Intermountain West and Hawaii. The Clyde companies include several subsidiaries, such as W.W. Clyde & Co., Sunroc Corp., Geneva Rock and Beehive Insurance Agency.
Wilford Clyde began his career in 1977 after graduating from Brigham Young University. He started as an accountant at Geneva Rock Products and later became president of that company. Clyde has been involved in every major strategy within the business, including more than 35 acquisitions.
Clyde also serves as chairman of the Salt Lake Chamber board of governors, a member of the Utah State Board of Regents and recently completed his second and final term as mayor of Springville.