[vc_row][vc_column][vc_column_text]This clears the way to file for an insolvency arrangement, according to the Irish Times newspaper. (Pittsburgh Post-Gazette)
O’Reilly, who left the Heinz CEO role in 1998 but remained as chairman until 2000, was Chief Executive’s 1990 CEO of the Year. (chiefexecutive.net)
During O’Reilly’s tenure, Heinz’s profit margins have grown to 39 percent of sales while return on equity climbed to a healthy 26.1 percent, Chief Executive magazine said in 1990. With 40 percent of1989 income realized from international operations, O’Reilly relishes Heinz’s position as a major player for the next decade. Charles Sanford of Bankers Trust summed up the selection committee’s decision: “He’s turned Heinz into a truly global competitor which is number one or two in 46 distinct product categories in over 200 countries. He also caught early on the current drift toward nutrition and health and acquired the right product mix to capitalize on it.
In more than a decade Anthony O’Reilly has made Heinz a truly global company. “You can’t argue with Heinz’s financial record under his leadership,” said Manufacturers Hanover’s Tom Johnson. “He has not only a great bottom line, but inspirational and motivational ability as well,” added Wharton’s Russ Palmer. Last year’s Chief Executive of the Year, Ford Motor’s Don Petersen, said “Tony O’Reilly clearly understands that the CEO’s role includes providing inspiration.” Transamerica’s Jim Harvey agrees: “In addition to his financial performance, his inspirational and motivational impact is obvious. “He has made good on all his goals,” observed Columbia’s Robert Lear. “The combination of total quality, total return, and total world marketing has produced superb results,” said Public Service Company of New Mexico’s Jerry Geist.
He was first reported to be considering chapter 13 bankruptcy in 2014, as advised by his bankruptcy law counsel. He owed millions to several banks, taking major hits to his finances through investments in news and crystal-making operations. According to Richard M. Weaver Bankruptcy Attorney serving Irving, Mr. O’Reilly has already begun selling assets to satisfy creditors, including selling his 750-acre estate called Castlemartin. A former Irish rugby star who served as the first non-U.S. born leader of Heinz and was later knighted by Queen Elizabeth, Mr. O’Reilly’s name may be most familiar to Pittsburghers through the O’Reilly Theater in the Cultural District. According to a Post-Gazette report in 1999, Heinz executives and Mr. O’Reilly’s wife contributed funds to get his name on the theater. (Pittsburgh Post-Gazette)
Read more about Anthony O’Reilly’s history.[/vc_column_text][/vc_column][/vc_row]
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
0
1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
