It's one way to wrap up your net profits.
Position | People - Ronnie Wrenn of Starboard Inc. - Brief Article |
There's something fishy about Ronnie Wrenn's resume, and it's not just that he sells salted cod. An English major at Wofford College in the '70s, Wrenn was tending bar when a customer asked what he was going to do after graduation.
When Wrenn, now 48, didn't have an answer, the customer, the owner of a South Carolina-based steakhouse chain, suggested he consider brokering fish to restaurants. Though his main experience with seafood was a week on a shrimp boat and a few dates with fishermen's daughters, Wrenn was intrigued.
His first move was turning his new interest into an English-class research paper. Then, after graduating in 1976 with a bachelor's in English, he started peddling fish. His father helped him get a loan to buy his first truck and some fish. Six years later, Wrenn started Charlotte-based Starboard Inc., which imports frozen and salted fish from Alaska and Argentina. In its first year, Starboard grossed $1.2 million.
But Wrenn, Starboard's owner and CEO, didn't want to be a commodities broker. In the late 1980s, he got interested in extending the shelf life of packaged fish. After a fish dies, Wrenn says, bacteria grow rapidly, causing decay. Freezing it as soon as it is caught arrests bacteria growth. So he started requiring suppliers to maintain logs...
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