Thomas L. Teague
President and CEO Salem Corporation
Tom was born in Burlington, NC. As the son of a tenant farmer, he learned at an early age the importance of hard work and doing your best regardless of the challenge. In 1966, he was hired to develop the full service leasing business for one the largest Mack dealerships in the country. In 1975, the leasing company was acquired by a publicly traded company led by Ken Langone. In 1986, Salem's principal owners acquired the public ownership. Although Tom's objective is to be the best, not the biggest, his dedication and leadership has helped Salem to grow to be one of the largest privately held transportation companies in the country.
After entering the full service leasing business, Salem joined the National Truck Leasing System (NationaLease) and has always been an active member, with Tom's having served as chairmain of NationaLease's board of directors. He is a partner in Invemed Associates, a New York investment banking firm. He currently serves as a director of Rural Media Group, Inc. and Joyce Foods, Incorporated. He has previously served on the boards of Professional Bull Riders, Inc., Baby Superstore, Inc., and Congressional Sportsmen's Foundation and as a member of the Board of Visitors of the Wake Forest University Baptist Medical Center.
As a hands-on leader, who takes pride in Salem's reputation and its commitment to service, Tom is always available for a customer, no matter how large or small.