The owner of a previously Johnson City-based contracting company, Leighton ‘Joe’ Wood, has formally agreed to the suspension of his Tennessee contracting license.That company is Wood Construction and Remodeling, LLC.A hearing was held in Nashville, Tennessee on Thursday during which the state board considered revoking Wood’s license.The Tennessee Department of Commerce and Insurance says the license is suspended pending an informal hearing scheduled for November 30th where Mr. Wood and his attorneys can go before the state board.