UA's Walton College to Induct 4 Into 2012 Business Hall of Fame

The University of Arkansas' Sam M. Walton College of Business and the Arkansas Business Hall of Fame Board will induct four honorees at a ceremony at 6 p.m. in Little Rock.

The honorees are John Ed Anthony, chairman of Anthony Timberlands Inc., Wayne Cranford, chairman emeritus of Cranford Johnson Robinson Woods, Walter E. Hussman Jr., publisher of the Arkansas Democrat-Gazette and president and CEO of WEHCO Media Inc., and Jack C. Shewmaker, former president and chief operating officer of Wal-Mart Stores Inc.

(More: Click here to read profiles of each of this year's nominees as well as all previous inductees.)

Walton College dean Dan L. Worrell called the class "a very distinguished group" in a prepared statement.

"It is our hope that by honoring these four inductees we can enable their accomplishments to continue to be an inspiration to the future business leaders of Arkansas and the nation," Worrell said.

This year's class joins 54 previous inductees, and will be honored in a ceremony at the Statehouse Convention Center in Little Rock. The Arkansas Business Hall of Fame is permanently housed in the atrium of Walton College's Donald W. Reynolds Center for Enterprise Development on the UA campus in Fayetteville.

Anthony also serves as president of Shortleaf Stable, and is the former president of Loblolly Stable. CJRW, meanwhile, is touted as the largest advertising agency in a three-state area.

Shewmaker also was the founder and owner of JAC's Ranch, a purebred Angus cattle operation. Shewmaker died in November 2010.

First Arkansas Bank & Trust chairman and CEO Larry Wilson, a Walton College alumnus, chaired the selection process. A committee of 20 business leaders solicited nominations that were reviewed by a selection committee of 12 business and community leaders.

The selection committee considered, among other factors, the significance of the impact made as a business leader, the concern demonstrated for improving the community, and the display of ethics in all business dealings. Additionally, all living inductees must be over the age of 60.