L. Fishman & Son Inc., a supplies, accessories and commercial flooring products distributor in the Mid Atlantic region with 18 locations, is now an employee-owned corporation. An employee stock ownership plan has been instituted, and all current and future employees are stakeholders in the firm.

In addition, several major management changes were announced. Robert J. Wagner, vice president of sales and marketing, has been elected president and COO. William J. Mabeus, currently the Carolinas regional manager, has been elected a vice president of the corporation. Both men were appointed to the board of directors, and will continue to perform their present duties in addition to those required by their new offices. Raymond J. Colombo, long term president, has been elected to the office of vice chairman and CEO. Nelson I. Fishman will remain as chairman.