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John Teets Dies

Greyhound President John Teets Dies

John Teets - President of Greyhound Corporation and Dial Corporation - Dead, Aug 11, 2011

  The first day I started working for Greyhound they put out some newsletter saying that some guy fell thru the roof of his attic and busted his arm or something like that.

I thought the guy was a janitor or some other smuck and couldn't figure out why they were telling everybody he was dumb enough to fall thru his attic roof and bust his arms.

I had no idea that this guy, John Teets was the president of the Greyhound corporation.

Source

John Teets dies, former head of Dial, Greyhound

by D.S. Woodfill - Aug. 6, 2011 02:45 PM

The Arizona Republic

John W. Teets, 77, the former CEO of the Dial and Greyhound corporations and international businessman, passed away Friday night after a long battle with Alzheimer's disease, a family spokesman said.

Steve Roman, owner of a Phoenix-based public affairs firm and a family friend, said Teets battled Alzheimer's for a number of years.

Teets once helmed several major companies, including The Dial Corp., the Scottsdale-based soap maker, and Greyhound Lines,. the nation's largest provider of intercity bus transportation.

Greyhound Lines was sold in 1986 and the Dial Corp. was spun off into two separate companies that included the Phoenix-based Viad Corp. in 1996.

Teets retired from the company in 1997.

Funeral plans and a list of Teets' survivors wasn't immediately available Saturday.


Source

John Teets, ex-CEO of Dial, Greyhound, dies at 77

John W. Teets, the former CEO of the Dial and Greyhound corporations in Arizona, has died.

Family spokesman Steve Roman says the 77-year-old Teets died Friday night after a long battle with Alzheimer's disease.

Teets once headed several major companies in the 1980s and 1990s including The Dial Corp., a Scottsdale-based soap maker.

He also was the chief executive officer of the Phoenix-based Greyhound Lines, the nation's largest provider of intercity bus transportation.

Greyhound Lines was sold in 1986, and the Dial Corp. was spun off into two separate companies that included the Phoenix-based Viad Corp. in 1996. Teets retired from the company in 1997.

Funeral plans and a list of Teets' survivors were not immediately available Saturday.


Source

Former Greyhound, Dial CEO John Teets dies at 77

Phoenix Business Journal

Date: Saturday, August 6, 2011, 6:42pm MST

Former Greyhound, Dial CEO John Teets dies at 77

John W. Teets has died at age 77 in Paradise Valley after suffering complications with Alzheimer’s disease.

Teets, who passed away last night, was one of Arizona’s most influential business and community leaders of the past 50 years. His impact on and deep commitment to Phoenix and greater Arizona spans four decades.

Teets was a self-made businessman who went on to be CEO of one of the country's most successful Fortune 500 corporations. He led a $5 billion conglomerate with 48,000 employees and reshaped it into a leading consumer goods and service company.

As a young entrepreneur, Teets was a partner in an entertainment complex in suburban Chicago which housed 16 shops, an ice-skating rink and a 300-seat restaurant. He joined the Greyhound Corp. in 1963 to help develop the restaurants at Greyhound’s Post House subsidiary operating at the New York World’s Fair.

Here's a look at Teets' early career in business:

• 1965: At age 32, Teets became president of two food service subsidiaries, Post Houses and Horne’s Enterprises, the youngest subsidiary COO in Greyhound's history.

• 1975: He eventually went on to become president and CEO of the Greyhound Food Management and group vice president of food service for the Greyhound Corp.

• 1980: Teets was elected vice chairman of the Greyhound Corp. and to the board of directors. He soon was named chairman and CEO of Armor & Co., then a Greyhound subsidiary.

• 1981: Teets became CEO of the Greyhound Corp.

• 1982: He was elected chairman of the board for the Greyhound Corp.

Over the next 10 years, Teets restructured Greyhound from a giant conglomerate into a streamlined company. The move made the it more manageable and profitable and more attractive to investors. He sold the Armor meatpacking company in 1983 to ConAgrabizWatch ConAgra Latest from The Business Journals MaMa Rosa’s Pizza sells to private equity firm Huntsman GayIcee maker J&J profit up 47%Under Stiritz, the mantra remains shareholder value Follow this company for $2 billion, but retained the consumer products business which became known as the Dial Consumer Products Group.

In early 1996, Teets completed the final piece of his strategic restructuring plan for the company. Dial Corp was divided into two independent, publicly traded entities. One was comprised of the $1.6 billion consumer product business, the Dial Corp., and the other, its $2.5 billion service business called Viad Corp.bizWatch Viad Corp. Latest from The Business Journals Viad reports 2Q earnings up 48%Viad buys Montana resortStock options boosted CEO pay in 2010 Follow this company Viad is made up of the service businesses of the former Dial Corp., including convention service, airline catering, financial payment services, and travel and leisure businesses.

Teet’s reshaping of Dial was a success. From 1991-1996, its stock outperformed the S&P 500 by almost 50 percent.

In addition to being a successful businessman, Teets was dedicated to the community. During his tenure as chairman of Dial Corp, Teets oversaw contributions to charitable organizations throughout Arizona which exceeded $36 million. He also created Dial’s community giving program which provided $5 million per year for hundreds of charities and community projects.

Along with supporting charities and cultural activities, Teets also made efforts to ensure that Phoenix would continue to be a profitable and growing city. In 1987, he helped keep the NBA Phoenix Suns basketball team in the Valley with a significant investment from Greyhound. As CEO of Dial, he sponsored the TV rights for the Phoenix Open and under his leadership, Dial became the first corporate investor of the Arizona Diamondbacks.

Teets also was a member of numerous business, professional and academic organizations.

 


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