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Christopher A. Sinclair

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Christopher A. Sinclair
Born (1950-09-05) September 5, 1950 (age 74)
Hong Kong
NationalityAmerican
EducationVermont Academy (1967) [1]
University of Kansas (B.A., Marketing, 1971) [1]
Dartmouth College (MBA, 1973)
Occupation(s)Chairman, Reckitt
Former CEO, Mattel
Board member ofFoot Locker 1995-2008
Mattel 1996-2018
PepsiCo 1996-1996
Perdue Farms 1992-2000
Reckitt 2015-present
SpouseMargaret
Children3

Christopher A. Sinclair (born September 5, 1950) is an American businessman. He is the chairman of Reckitt, the consumer health and household products company. He is the former chairman and CEO of Mattel, the toy company. Previously, he was chairman and CEO of Pepsi-Cola, the beverage company.

Background

Sinclair was born in Hong Kong, and spent his childhood in Mumbai, India, and was educated at the Kodaikanal International School followed by four years at Vermont Academy in Saxtons River, Vermont.[2] Sinclair's father was president of Esso Oil (now Exxon Mobil)'s international operations.

Chris Sinclair graduated summa cum laude from the University of Kansas with a bachelor's degree in marketing, and he was a member of Alpha Tau Omega. Sinclair went on to receive an MBA from the Tuck School of Business at Dartmouth College in 1973.

Business career

Sinclair began his career at General Foods and Newsweek, before spending more than 15 years at PepsiCo. In 1989, he was promoted from Pepsi USA's central division president to president of newly formed Pepsi-Cola International.[3] Sinclair was promoted to CEO of PepsiCo Foods and Beverages International in 1993, and ultimately to chairman and CEO of Pepsi-Cola. He was a member of the PepsiCo board of directors.

Sinclair directed Pepsi's entry into the Indian market, and recruited Pepsi's former CEO Indra Nooyi.[2] As an example of his ambition, Sinclair told Fortune magazine in 1994, "If Coke starts growing 8%, we'll do 10% or 12%."[4] Sinclair predicted non-U.S. cola sales of $5 billion by 1995, and exceeded his goal. He retired from PepsiCo in 1996.

Since his tenure at PepsiCo, Sinclair has been CEO of Quality Food Centers, Inc.[5] (NYSE), a US west coast supermarket chain backed by billionaire Samuel Zell's Equity Group. After 18-months, Quality Food expanded rapidly and was sold to Fred Meyer, Inc., for $1.7 billion in 1998.[6] Sinclair helped orchestrate the deal and was a large shareholder. Fred Meyer is now owned by The Kroger Co.[7]

Sinclair led the financial restructuring of Caribiner International, Inc. (now Jack Morton Worldwide) as chairman and CEO of this Warburg Pincus-sponsored global business communications company.[8] He has served as a partner at Pegasus Capital Advisors, LP, a private equity firm, and an operating partner at Morgan Joseph TriArtisan, a New York-based merchant bank. He was the executive chairman and CEO of Cambridge Solutions Ltd, the second-largest BPO/IT company in the world, which was sold in 2008 to Xchanging, a General Atlantic-backed business services company.[9]

Sinclair served as chairman of Mattel, Inc. from January 2015 to May 2018, and as CEO from January 2015 to February 2017.[10][11]

In May 2018, he became the non-executive chairman of Reckitt Benckiser plc (since rebranded 'Reckitt'), the maker of Lysol, having served as a director since February 2015.[12]

He is a former director of Foot Locker, Inc., F.W. Woolworth Company, Merisant (Equal Sugar), PepsiCo, Inc., and Perdue Farms, Inc.[10][13] He has served as a trustee at Brunswick School, Vermont Academy, on the board of overseers at the Tuck School of Business.

Personal

Sinclair, and his wife Margaret, reside in Greenwich, Connecticut and Palm Beach, Florida.[14] Margaret is the former president of the Breast Cancer Alliance.[15]

References

  1. ^ a b "Chris Sinclair, 1967 Business Leader". Vermontacademy.org. Retrieved March 6, 2022.
  2. ^ a b Rai, Asha (Dec 21, 2003). "India is familiar territory for Chris Sinclair". The Economic Times. Retrieved February 18, 2016.
  3. ^ "Pepsi-Cola Sets Shift Overseas". The New York Times. September 28, 1989. Retrieved February 18, 2016.
  4. ^ Saporito, Bill (2 September 1996). "PARCHED FOR GROWTH". Time.com. Archived from the original on September 30, 2007. Retrieved 24 May 2018.
  5. ^ "QUALITY FOOD CENTERS INC Unscheduled Material Events (8-K/A) EXHIBIT 99.9". Archived from the original on 2006-11-05. Retrieved 2006-07-17.
  6. ^ "Fred Meyer To Buy QFC -- Chain With National Plans Is Sold Instead". The Seattle Times. November 7, 1997. Retrieved May 18, 2018.
  7. ^ "Kroger to Buy Fred Meyer, Creating Country's Biggest Grocer". The New York Times. October 20, 1998. Retrieved May 18, 2018.
  8. ^ "CARIBINER INTERNATIONAL INC" (TXT). Sec.gov. Retrieved March 6, 2022.
  9. ^ "Xchanging Buys 75% In Cambridge For $147.3 Million". Vccircle.com. October 5, 2008. Retrieved May 18, 2018.
  10. ^ a b "Mattel Names Christopher Sinclair as Chief Executive Officer". Mattel.gcs-web.com. April 2, 2015. Retrieved May 18, 2018.
  11. ^ "Mattel Names Ynon Kreiz As Chief Executive Officer, Effective April 26, 2018". Mattel.com. April 19, 2018. Retrieved May 18, 2018.
  12. ^ "Reckitt Benckiser chairman to retire in 2018". Reuters.com. September 19, 2017. Retrieved May 18, 2018.
  13. ^ "Foot Locker 2007 Annual Report" (PDF). Footlocker-inc.com. Retrieved March 6, 2022.
  14. ^ "Midtown vacant lot sells for $8.7 million". Palmbeachdailynews.com. Retrieved 24 May 2018.
  15. ^ "Advisory Council - Breast Cancer Alliance". Archived from the original on 2018-05-19. Retrieved 2018-05-18.
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