10/29/2023 0 Comments Dayton daily news ohio obituaries![]() He also established a national distribution network. He offered a 100% money-back guarantee to any customer who wasn't satisfied and established a customer support department equipped to answer consumer questions about their pets - even on topics unrelated to pet food, such as handling grief over the loss of a pet. įrom the outset, Mathile focused strongly on product quality, research and development, and customer outreach, including marketing efforts targeting pet owners, high-end breeders, and veterinarians. At the time, the company had $13 million in sales. Mathile purchased the remaining ownership shares from Iams in 1982, thus becoming its sole owner and CEO. Corporate leadership ĭuring his early tenure, Mathile oversaw The Iams Company's rapid growth. Mathile convinced Paul Iams that the company needed to build its own manufacturing plant. In 1975, after shortages of ingredients almost drove the company under, Mathile purchased a 50%-ownership interest in the company from founder and owner Paul Iams for $100,000. To raise awareness of Iams' product, Mathile spent weekends at dog shows, handing out samples that his children helped him package in their basement. In 1970, Mathile accepted a leadership role at a small, regional pet food manufacturer: The Iams Food Company in Dayton, Ohio. A year later, he joined the Campbell Soup Company, where he remained for seven years and held a series of positions in cost accounting, inventory control, and purchasing. Mathile began his career as an accountant at a General Motors manufacturing plant in Toledo, Ohio. Mathile graduated a quarter early in February 1962 with a business degree. When an expected scholarship fell through, Mathile took a job pumping gas. He initially studied mechanical engineering before transferring to the business school. He went on to attend Ohio Northern University in Ada, Ohio, where he also played on the basketball team. He also lettered in basketball and earned an honorable mention for the all-state team. Mathile graduated at age 16 from Portage High School, ranking first in his class of 14 students. Early life and education Ĭlayton Lee Mathile was born on January 11, 1941, as the oldest child of Wilbert "Bill" Ray Mathile and Helen Good Mathile, in Portage, Ohio where his parents owned a 40-acre farm. Clayton Lee Mathile (pronounced ) (Janu– August 26, 2023) was an American billionaire businessman best known for leading Iams to nearly $1 billion in sales before selling it to Procter & Gamble (P&G) for $2.3 billion in 1999 in what was, at the time, the largest cash-only deal in P&G's history.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |