Coleman, Fletcher Among 2013 Business Hall of Fame Inductees

Thomas E. Boyer, W.C. "Buddy" Coleman Jr., William L. Cravens and Frank Fletcher Jr. are the 2013 inductees to the University of Arkansas Sam M. Walton College of Business Hall of Fame.

The UA will induct the honorees tonight at the Statehouse Convention Center in Little Rock.

The four will join 58 other members of the hall, established in 1999 to honor "exceptional business success." Selections are made by the hall's board of directors based on nominations it receives each year. 

(More: Click here to read full profiles on each of the inductees.)

Boyer, of Amarillo, Texas, is owner and founder of Micro Images and a graduate of the business college at the UA, where he was an All-American basketball player.

Coleman, of Little Rock, was former chairman of the board and chief executive officer of Coleman Dairy. He died in 2011.

Cravens, of Little Rock, is a certified public accountant and professional engineer who retired after a long career in banking and telecommunications management. He is a director of the Oaklawn Jockey Club in Hot Springs.

Fletcher, of North Little Rock, is chairman of the board and chief executive officer of the Frank Fletcher Companies, a holding company that owns or controls 20 separate corporations.

"This year's inductees represent the breadth of accomplishment by business leaders from Arkansas," Walton College Dean Eli Jones said in a news release.

"These individuals join the distinguished list of members of the Arkansas Business Hall of Fame who continue to inspire the future leaders of our state and of the nation with their outstanding achievements in a wide variety of business endeavors."

The University of Arkansas Business Hall of Fame is permanently housed in the atrium of the Donald W. Reynolds Center for Enterprise Development at the Walton College on the UA campus in Fayetteville.

The selection process was chaired by Walton College alumnus Larry T. Wilson, chairman and chief executive officer of First Arkansas Bank & Trust of Jacksonville.

A nominating committee of 20 business leaders encouraged people throughout the state and beyond to make nominations, and then a selection committee of 12 business and community leaders reviewed the nominations and chose the inductees.

Criteria for selection included: 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. In addition, living inductees must be over the age of 60.