Elbert A. Drummond
The following biographical sketch was compiled at the time of induction into the Academy in 2010, and updated in 2012.
Elbert A. (Larry) Drummond was vice chairman of Drummond Company, Inc., a major international coal mining and marketing company, with mines in Alabama and South America, and the largest merchant foundry coke producer in the United States. The Drummond Company’s assets include residential and golf course developments in the South and in California.
Born August 3, 1943, Drummond attended public schools in Walker County, Alabama, and was named “Mr. Walker County High” his senior year. The young lady who would later become his wife, Abbie, was named “Miss Walker County High” the same year. After graduating high school, Drummond attended the University of Alabama, where he earned a B.S. in Business Administration, an M.A. in Accounting, and a J.D. from the Alabama School of Law in 1969.
After graduation from law school, he joined his brothers at the Drummond Company, where his primary duties were domestic and international coal sales. The company was founded by his father, H. E. Drummond, in 1935. Upon Mr. Drummond’s death in 1956, his sons carried on the family business and built on their father’s vision. By the early 1970s, the Drummond Company was an industry leader. A decade later, a sizeable capital expansion program established it as the largest surface mining company in Alabama. Simultaneously, the company’s land management activities, through joint ventures, led to successful real estate developments in Alabama, Florida, and California.
During his long and successful career, Drummond served in various leadership positions at the company, as executive vice president and later as president. Since the 1980s, he served as vice chairman and, in that capacity, handled sales, mergers, and acquisitions.
Drummond was a director of First Commercial Bank, Birmingham; director and member of the selection committee of the Alabama Business Hall of Fame; and director of the American Family Business Institute, a national lobbying group for the elimination of the federal estate tax.
Active in professional organizations, he was a member of the Alabama Bar Association; Beta Alpha Psi-National Accounting Fraternity; Board of Visitors, Culverhouse College of Commerce, University of Alabama; and President’s Cabinet, University of Alabama. In 2003, he was recognized with a Career Achievement Award from the Culverhouse School of Accountancy.
Drummond was also deeply committed to community service and was active in a number of civic and philanthropic organizations. He was a director of the Black Warrior Council, Boy Scouts of America (and recipient of the Silver Beaver Award); a member of the United Way of Central Alabama’s La Société Nationale; and a director of the Walker Area Community Foundation.
Drummond and his wife Abbie were married in 1963 and had three children – Terri Drummond Lyon, Dr. Scott A. Drummond, and Patrick L. Drummond.
Mr. Drummond died on July 28, 2012.