Schoen, Armund J.

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Armund J. Schoen Soundex Code S500

In 1939, Armund J. Schoen and Zollie S. Frank became partners and based their new business (originally called “Four Wheels”) on the strategy of supplying cars to businesses and providing the support services required for their effective operation. This unique approach to vehicle use and management marked the beginning of a new business and a new industry: automobile fleet leasing. Wheels now has 69 years of experience in the industry with annual sales volume approaching $3 billion. And their business is still 100% fleet leasing and management. The company's growth has been strictly internal; that is, business earned through diligence and good service, with no outside acquisitions of other domestic leasing companies.

Wheels is a privately-held corporation operating under parent company, Frank Consolidated Enterprises, which is ranked by Forbes magazine as one of the 200 largest private companies in the United States. Ownership has always been part of senior management, and they have had only two presidents in the company’s history – founder, Zollie Frank, and the current president, Zollie's son, Jim Frank. This stability has ensured that, while the methods of doing business, the products themselves and the ways in which services are delivered have changed, their core values remain constant.