Robert E. Arbogast, a longtime core shareholder in WillowWood, has sold his shares to his four children, according to a company press release. The transfer of ownership was publicly shared Aug. 31, 2016.
Through an outright purchase of Arbogast’s shares, as well as those belonging to the estate of his brother, Joseph Arbogast, ownership of the company has been transferred to Robert E. Arbogast’s children, Michelle, Lisa, Leslie and Ryan Arbogast. Most of the company shares are now owned by Ryan Arbogast, who has been WillowWood’s president since 2011. He also oversees all company operations and sales, according to the release.
“This is an exciting time at WillowWood,” Ryan Arbogast said in the release. “We are remaining a privately held family business, and we are exploring new opportunities for investment and new technologies to utilize in the development of prosthetics.”