We Missed Our June Deadline, But Not Yours

Basement projects may slip. Your Friday briefing doesn’t. Here’s this week’s sharpest local money news.

Family Owned Since 1967

Well, somehow Bill and I both ended up finishing our basements at the exact same time. And no, we didn’t hire one of those “we’ll handle everything” companies because that would’ve been too easy… and way too expensive. So here we are, knee-deep in drywall dust and honey-do lists, racing to hit the deadlines our wives definitely didn’t forget about. The goal was June. It’s now July

But two things have stayed consistent:

  1. The never-ending list of basement projects.

  2. Toledo Money showing up in your inbox every Friday with the goods.

And since we’ve always promised to keep things transparent, especially for our readers and paying advertisers, here’s a quick look at how we’re doing:

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We’re growing slow and steady, and the momentum is real. Your eyeballs are landing on quality content and if you’re running ads with us, they’re getting seen by the right people.

Let’s get into this week’s edition.

Local Stock Market | 📈 

Owens Corning | $OC ( ▼ 1.27% )  

Dana Incorporated | $DAN ( ▼ 0.85% )  

The Andersons | $ANDE ( ▼ 3.79% )  

Owens Illinois | $OI ( ▼ 1.87% )  

Welltower Inc. | $WELL ( ▼ 0.14% )  

Marathon Petroleum Corporation | $MPC ( ▼ 3.51% )  

Talent Planning | Roofing Shuffles and Insulation Moves at OC

Talent Planning: Pink Panther Style

Owens Corning just shuffled the deck at the top: Nico Del Monaco is now President of the Roofing business, while Jose Canovas steps in to lead Insulation. Both are company veterans with deep operational chops and track records of market growth—OC isn’t bringing in outsiders; it’s doubling down on proven leadership.

If you’ve been reading Toledo Money, you know we’ve been tracking Owens Corning closely; especially after their recent Investor Day, where execs laid out ambitious long-term goals around margin expansion, capacity investments, and product innovation. These leadership moves? They're not just promotions—they’re chess pieces in that bigger strategy.

CEO Brian Chambers (BGSU Alumni) said it best: these moves reflect “enterprise leadership” and position OC to keep building, literally and financially, for the future.

🧱 New roles. 🔁 Familiar faces.
📈 Same bold roadmap we’ve been watching unfold.

Unsolicited Opinion | Ship It Before You Overthink It

Do The Thing!

There’s a dangerous trap many entrepreneurs fall into: endless refinement. The idea gets tossed around for months, maybe years. Whiteboards fill up. Drafts pile on drafts. Yet nothing ships. And while you’re trying to perfect every detail, the clock is ticking and your window of opportunity might be closing. The truth is, no amount of planning in isolation can replace the clarity that comes from real-world feedback.

Get it to market. Even if it’s not perfect. The most honest insights don’t come from brainstorming sessions or surveys they come from paying customers. Once you release your product, service, or idea into the wild, your audience will tell you exactly what works and what doesn’t, sometimes without you even asking. That’s when the real iteration begins. Don’t wait to be perfect. Be public, be early, and be open to evolving.

Money Confessional | The Executive Dad with Deep Roots

Age: 47
Roles: C-Suite at ProMedica
Salary: Combined $265k

Meet a seasoned Toledo native with a sharp mind for business and a soft spot for his three kids. After 25 years of marriage, this C-suite exec has climbed the ladder at one of the region’s biggest employers—while still coaching Little League and grilling out every Sunday.

🏡 Living Situation: Owns a 4-bedroom home in Ottawa Hills. “We bought it 15 years ago before prices jumped. It’s where we raised our kids and built our life. I don’t see us leaving anytime soon.”

💵 Household Income: Around $310K total. His $265K ProMedica salary is the primary driver, and his wife earns about $45K part-time helping run operations for a local nonprofit. “She scaled back when our youngest was born, but still keeps her foot in the door.”

Favorite Splurge: Golf memberships and family travel. “We take one big trip a year—last summer was Oregon, this year it’s Italy. And if I’m being honest, I love my morning espresso setup more than I should.”

💡 Biggest Financial Worry: “College x3. Two are already in, and one’s just a few years out. We’ve saved, but tuition adds up fast. We want them to graduate with options—not debt.”

💼 Other Income: A few investments in local real estate and some stocks through his employer. “It’s nothing flashy, but it adds to the long-term plan.”

🗣️ Toledo Tip: “Your network here matters more than your résumé sometimes. Build relationships early and show up consistently—that’s what moves the needle.”

📊 Net Worth: Estimated $1.4M. Includes equity in the house, retirement accounts, brokerage funds, and two paid-off vehicles. “It’s the result of steady investing, living a little below our means, and not trying to chase every trend.”

📖 Budget Style: Uses a financial advisor and an app to track day-to-day spending. “My wife handles the weekly stuff, and we sit down quarterly to review the bigger picture. It works for us.”

🌱 Inspiration: “I want my kids to see that success doesn’t have to come at the expense of your peace. We’re building something steady, generational. That’s the goal—more time, more memories, less stress.”

🚨 Subscribe to Toledo Money for more sharp money stories, local business moves, and bold professionals betting big on Northwest Ohio: www.tolmoney.com

Money Snacks

Headlines we are snacking on

  • Dana Inc. just announced a quarterly dividend of $0.10 per share. It’ll be paid out on August 29 to shareholders on record as of August 8. Nothing flashy, just a steady payout from one of Toledo’s industrial anchors. For investors, it’s another sign Dana is staying consistent in delivering value.

  • We’ve all sat through Uptown Maumee traffic; but let’s admit it, the aesthetics have improved. Now, the city administrator behind many of those changes has resigned. Controversial? Yes. But he brought a business-minded approach to local government, prioritizing efficiency over popularity.

    The big question now: Does Maumee double down on that momentum or shift back to familiar routines?

  • Slate Auto, a secretive EV startup backed by Jeff Bezos and others, plans to launch a $25,000 electric pickup by late 2026 near Indianapolis, bucking the typical EV startup model of starting with high-end vehicles. Based in Troy, Michigan, Slate has already raised at least $111 million and hired talent from major automakers like Ford and GM. Inspired by the Ford Model T and VW Beetle, the company aims to boost slim vehicle margins by selling aftermarket accessories and apparel, branding its approach with the trademarked slogan: “WE BUILT IT. YOU MAKE IT.”