Estelle Axton was an American record executive and co-founder of Stax Records, along with her brother Jim Stewart.
10 Facts About Estelle Axton
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Estelle Axton moved to Memphis as a school teacher, married Everett Axton, and was working in a bank when, in 1958, her brother Jim Stewart asked for help to develop Satellite Records, which he had set up to issue recordings of local country and rockabilly artists.
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Estelle Axton convinced her husband that they should remortgage their house and, in 1959, joined Satellite as an equal partner.
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Estelle Axton sold her interest in the company in 1970.
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In December 2006, the Recording Academy announced that Estelle Axton would be honored with a Trustee's Award as part of the upcoming Grammys.
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Estelle Axton was the founder of the Memphis Songwriters Association in 1973, formed to foster the education and advancement of local songwriters.
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Estelle Axton went on, with her friend Cordell Jackson, the founder of Moon Records, to work with the Music Industries of Memphis, later named the Memphis Music Association, to assist in the development of Memphis music as a global force .
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In 2012, Estelle Axton was inducted into the Memphis Music Hall of Fame, along with her brother and Stax co-founder Jim Stewart.
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Estelle Axton died on February 24,2004, at Saint Francis Hospital hospice in Memphis.
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Estelle Axton was buried at Forest Hill Cemetery East in Memphis.