Stark Industries was founded by Howard Stark and taken over by his son Tony, after his death. Tony ran the company until his death in 2003. At this time he passed the company over to his protege, Ethan Drake. During Drake's time as CEO of the company he helped to greatly expand the business. After his death in 2008 his friend and fellow Avenger, Carter Jones, became the new CEO and owner of the company. However, Jones turned it over to a new CEO Alex Burke only a few short years later. Carter went on to become the owner of King Enterprises. After the death of Jones Stark Industries bought out King Enterprises, adding it to its already impressive holdings.