Jack L. Frost
Jack L. Frost of Chattanooga laid a firm foundation for success in the business world with the building blocks of higher education and hard work. He estimates he has been involved in 18 to 20 businesses in his long and continuing career.
While a college student, Mr. Frost worked for the trust department at American National Bank and Trust Company (later Sun Trust). He graduated from the University of Chattanooga in 1952 with a B.S. degree in business administration, majoring in accounting and economics. He did graduate work for a master of science in business administration at the University of Tennessee.
After graduate school, Jack returned to American National Bank and continued his interest in education by teaching night classes in accounting at the University of Chattanooga. Later, he went to work for W. Max Finley at Tennessee Paper Mills where he served as assistant treasurer and controller. He became a certified public accountant in 1955 and with his brother, Jim, started the Frost and Frost accounting firm in 1963.
In 1969, Mr. Frost helped launch Tuftco Corporation of Chattanooga and served as president for 24 years. The company manufactures carpet making machinery and sells its products in over 40 countries. Tuftco became a public company in 1969 and was listed on the American Stock Exchange. In 1977, Tuftco merged with another public company and in 1985, Trade-Finance International, a Frost private company, purchased all of Tuftco to make it a private company again. Today, members of the Frost family continue to hold leadership positions at Tuftco. Jack is chairman; his son, Steve, is president; his daughter, Susan Bishop, and wife, Charlotte, are board members.
Jack Frost, with Larry Webb and Benton Hood, started Professional Industrial Tire Co. in 1981, and in 1992 his family company, Trade-Finance International, bought Mitchell Industrial Tire Co. These two companies with manufacturing and distribution facilities in Chattanooga and warehouses in California and Pennsylvania have a significant share of the replacement industrial tire market in the United States.
Jack has been involved in the start-up and operation of several other businesses including the manufacturing of mobile homes and modular houses and real estate development. He also served as a director of Bank of America, Tennessee board, and as director of Commerce Union Bank for many years.
Jack and Charlotte have been married 53 years. Their children, Steve and Susan, are graduates of the UTC College of Business, as are grandchildren, Amy Haddock and Jonathan Frost. They have three other grandsons, David, Will, and Ben Bishop, and a great granddaughter, Charlotte Ann Haddock.
Mr. Frost has been a member of Red Bank Baptist Church for 65 years where he has served as deacon and Sunday School teacher.