He was born in Johnson City on November 29, 1928, the son of Fitzhugh Lee Wallace, Sr. and Margaret Tucker Wallace. He graduated from Science Hill High School in 1947, attended the Citadel in Charleston, SC and graduated from the University of Tennessee in 1952, where he was a member of Sigma Chi fraternity. He and his wife, Peggy Tillman of Chattanooga, were married on August 16, 1952 and celebrated their 63rd anniversary this year.
Lee was commissioned as 2nd Lieutenant in the U.S Army Transportation Corps and served in Korea, where he attained the rank of Captain.
After Korea, Lee joined his father in the family business at Summers Hardware and Supply Co. He helped lead this company for 38 years, retiring as President and Chairman of the Board in 1991.
Throughout his career, he was dedicated to the community. He served as president of the Johnson City Rotary Club, the Hurstleigh Club, and was the organizing president of Junior Achievement. He also served on the following boards: The Hamilton Bank, Asbury Centers Inc., Salvation Army, The Chamber of Commerce, United Way, and Johnson City Country Club.
Lee was a life-long member of Munsey Memorial United Methodist Church. He taught 6th. grade Sunday school for 13 years and served as chairman of the church’s Board of Stewards.
Lee enjoyed woodworking, hunting, and fishing, but his passion was art. He revealed his innate talent through sculpture, water color painting, photography, drawing, and pottery. He is fondly remembered for the cartoons he created for friends on significant occasions - birthdays, retirements, promotions, and public recognitions. Lee will always be remembered for his warmth and sense of humor.
In addition to his parents, Lee was predeceased by his son Robert. He is survived by his wife Peggy, his sister Gwen Wallace, of Johnson City; his children, Hugh (Margaret), Limestone, John (Lorrie), Birmingham, AL, Margaret Heard (Tony), Nashville; his grandchildren, Joseph Wallace, Christina W. Thomas, Tucker Wallace, Laura W. Cleage (Jasper), Robert, Emily, and Allison Heard; 5 great grandchildren; Sister-in-law Bobbie T. Sneed (Baxter).
A celebration of Lee’s life will be held at 11:00 a.m., Saturday, September 12, 2015, in the Munsey Memorial UMC sanctuary. Friends may greet the family before the service, beginning at 10:00 a.m. in the Fellowship Hall or following the service.
For those who wish, in lieu of flowers, donations may be made to Munsey Memorial UMC, 201 E. Market St., Johnson City, TN 37601, or a charity of their choice.