Stanley Gault
Template:Short description Script error: No such module "infobox".Script error: No such module "Check for unknown parameters".Script error: No such module "Check for clobbered parameters".Template:Wikidata image Stanley Carleton Gault (January 6, 1926 – June 29, 2016) was an American businessman.
Early life and education
He was born on January 6, 1926, in Wooster, Ohio, to Clyde and Asenath Gault.[1] He graduated from the College of Wooster in 1948 with a bachelor's degree in geology, and remained as Chairman Emeritus of the Board.[1][2] While studying at the College of Wooster, he served in the Army Air Corps as a B-29 gunner during World War II.[1]
Career
Gault spent 31 years with General Electric in various positions, including being head of G.E.'s consumer products division and later its industrial products division.[1][2] In 1979, he was named Chairman of the Board and CEO of Rubbermaid.[2][3] After taking over at Rubbermaid, Gault removed all but two managers at the company and reorganized it.[1] He led the company through a series of divestitures and strategic investments that increased the company's profitability.[4] While he stripped weak product lines and slashed excess cost, he invested in new product development.[4][5] Later Rubbermaid CEOs, including Wolfgang Schmitt, were seen as less than adequate compared to Gault and the company's profits dropped.[5] Rubbermaid ended up being bought in 1999 by a competitor, Newell.[5]
Starting in 1985, Gault was appointed as a director at Avon Products, Inc.[6] He became CEO and Chairman of The Goodyear Tire and Rubber Company after retiring from Rubbermaid in 1991.[2]
In 1994, he was inducted into Junior Achievement's U.S. Business Hall of Fame.[7] In 1995, Gault received the Golden Plate Award of the American Academy of Achievement.[8]
In 2001, Gault stepped down as director at Avon.[3]
Gault died on June 29, 2016, in Cleveland, Ohio, after a brief illness.[9] Gault often donated to the city of Wooster and his alma mater.[1]
References
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