WICHITA — Eric Fahnestock has resigned as president of Fahnestock Heating & Air Conditioning, which does business as Fahnestock Plumbing, HVAC & Electric.
Fahnestock has been in that position for six years and also has a minority interest in the company.
He's not talking about the reason for his resignation, but it appears to be related to his efforts to purchase majority shares of the company from the estate of his late father, George Fahnestock.
"It's more complicated than that," says Gary Austerman, the attorney for the estate's executor, Fahnestock's widow, DeAnne Fahnestock.
She’s Eric Fahnestock’s former stepmother.
Austerman won't go into details about negotiations over the purchase.
"I really can't speak to that," he says. "It's private business."
He says, "We're just trying to have a very simple transition."
For now, Eric Fahnestock continues to work at the company on an as-needed basis.
"I want the company to succeed, and I care about all the employees, and if they need me for something, I'm more than happy to help them," he says.
"Business is sometimes a tough game, but you have to take the high road."