Summary
John Dewitt Macomber (born January 13, 1928) is an American banker. He is the principal of JDM Investment Group and was the president of the Export-Import Bank of the United States from 1989 to 1992.
John Dewitt Macomber | |
|---|---|
| Born | January 13, 1928 |
| Nationality | American |
| Education | Philips Academy Yale University (BA) Harvard Business School (MBA) |
| Occupation(s) | President of the Ex-Im Bank CEO of Celanese |
| Political party | Republican Party |
| Board member of | Lehman Brothers Bristol-Myers Squibb Company The Brown Group Chase Manhattan Bank RJR Nabisco Pilkington Xerox Corporation Rand McNally Lincoln Center International Chamber of Commerce Atlantic Council Philips Academy |
Biography edit
Macomber was a senior partner at McKinsey & Co. until 1973 and chairman and CEO of Celanese Corporation from 1973 until 1986.[1] He exited when the company was acquired by Hoechst AG to become the largest chemical company.[2] Celanese had been ahead of its time in stock buybacks, and Macomber was especially proud that 20% of company stock was "owned by middle managers and ordinary folk who are extraordinarily well off".[3] During the 13 years he led the company, the stock increased in value by 10 times, from $24.50 to $245.[3]
Macomber is also chairman of the Council for Excellence in Government, Rand McNally and Company, and vice chairman of the Atlantic Council. He has retired from serving on the board of directors of Lehman Brothers, Bristol-Myers Squibb Company, The Brown Group, Inc., Chase Manhattan Bank, RJR Nabisco, Pilkington Ltd., and Xerox Corporation. In addition, Macomber served on the Lincoln Center board and the International Chamber of Commerce.[4]
Personal life edit
Macomber was born in Rochester, New York, and served in the US Air Force for two years.[5] He had two older brothers, William Butts Macomber and Robert Macomber. He graduated from Phillips Academy, Yale University in 1950, and Harvard Business School in 1952.[6][4]
References edit
- Trustee Emeritus: John D. Macomber '46[permanent dead link]. Phillips Academy. Accessed 2011-03-01.
- Specific
- ^ "Executive Profile - John Dewitt Macomber". Bloomberg. Retrieved March 12, 2018.
- ^ Hicks, Jonathan P. (1986-11-04). "HOECHST TO ACQUIRE CELANESE". The New York Times. ISSN 0362-4331. Retrieved 2022-03-03.
- ^ a b "BUSINESS PEOPLE; CELANESE CHIEF LEAVING AS HOECHST TAKES OVER". The New York Times. Retrieved 2022-03-03.
- ^ a b Burrough, Bryan; Helyar, John (2009). Barbarians at the Gate: The Fall of RJR Nabisco. Harper Business. p. 60.
- ^ Peters, Gerhard; Woolley, John T. (June 11, 1989). "Nomination of John D. Macomber To Be President of the Export-Import Bank of the United States". The American Presidency Project. Retrieved March 12, 2018.
- ^ Bradsher, Keith (August 23, 1992). "Making a Difference; The Businessman at Ex-Im". New York Times. Retrieved March 12, 2018.