Stanley Gault
Encyclopedia
Stanley C. Gault spent 31 years with General Electric
before being named Chairman of the Board and CEO of Rubbermaid
from 1981-1991. He became CEO and Chairman of The Goodyear Tire and Rubber Company
from 1991-1996. Since 1985, he has been a director at Avon Products, Inc. A graduate of the College of Wooster, remains as Chairman Emeritus of the Board.
Gault shot to fame in the 1980s, taking the helm of the Rubbermaid company his father helped to found. Gault was instrumental in reorganizing and revitalizing Rubbermaid into a streamlined and efficient multinational corporation. He embarked on a dual plan of divestiture and strategic investment that generated a 4-fold increase in revenues and a 6-fold increase in profitability. While he stripped weak product lines and slashed excess cost, he invested in new product development. At one point, Rubbermaid turned out more than one product a day.
He was heralded as a business genius in the 1980s for his transformation of Rubbermaid. However, his leadership has since been criticized because Gault's successor was less than adequate and Rubbermaid ended up being bought in 1999 by a competitor, Newell.http://www.jimcollins.com/lib/goodToGreat/ch2_p25.html In 1994 he was inducted into Junior Achievement's U.S. Business Hall of Fame.
Since his retirement, Mr. Gault had devoted himself to philanthropic causes, and he has been a major donor to The College of Wooster
(where he earned a bachelor of arts degree in geology in 1948) and many non-profit agencies in the Wooster
, Ohio area.
General Electric
General Electric Company , or GE, is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States...
before being named Chairman of the Board and CEO of Rubbermaid
Rubbermaid
Rubbermaid is an American manufacturer and distributor of many household items. It is a subsidiary of Newell Rubbermaid. It is most well known for producing food storage containers and trash cans...
from 1981-1991. He became CEO and Chairman of The Goodyear Tire and Rubber Company
Goodyear Tire and Rubber Company
The Goodyear Tire & Rubber Company was founded in 1898 by Frank Seiberling. Goodyear manufactures tires for automobiles, commercial trucks, light trucks, SUVs, race cars, airplanes, farm equipment and heavy earth-mover machinery....
from 1991-1996. Since 1985, he has been a director at Avon Products, Inc. A graduate of the College of Wooster, remains as Chairman Emeritus of the Board.
Gault shot to fame in the 1980s, taking the helm of the Rubbermaid company his father helped to found. Gault was instrumental in reorganizing and revitalizing Rubbermaid into a streamlined and efficient multinational corporation. He embarked on a dual plan of divestiture and strategic investment that generated a 4-fold increase in revenues and a 6-fold increase in profitability. While he stripped weak product lines and slashed excess cost, he invested in new product development. At one point, Rubbermaid turned out more than one product a day.
He was heralded as a business genius in the 1980s for his transformation of Rubbermaid. However, his leadership has since been criticized because Gault's successor was less than adequate and Rubbermaid ended up being bought in 1999 by a competitor, Newell.http://www.jimcollins.com/lib/goodToGreat/ch2_p25.html In 1994 he was inducted into Junior Achievement's U.S. Business Hall of Fame.
Since his retirement, Mr. Gault had devoted himself to philanthropic causes, and he has been a major donor to The College of Wooster
The College of Wooster
The College of Wooster is a private liberal arts college primarily known for its Independent study program. It has roughly 2,000 students and is located in Wooster, Wayne County, Ohio, United States . Founded in 1866 by the Presbyterian church as the University of Wooster, it was from its creation...
(where he earned a bachelor of arts degree in geology in 1948) and many non-profit agencies in the Wooster
Wooster, Ohio
Wooster is a city in the U.S. state of Ohio and the county seat of Wayne County. The municipality is located in northeastern Ohio approximately SSW of Cleveland and SW of Akron. Wooster is noted as the location of The College of Wooster...
, Ohio area.