John D. Macomber

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John Dewitt Macomber
Born (1928-01-13) January 13, 1928 (age 94)
NationalityAmerican
EducationPhilips Academy
Yale University (BA)
Harvard Business School (MBA)
OccupationPresident of the Ex-Im Bank
CEO of Celanese
Political partyRepublican Party
Board member ofLehman 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

John Dewitt Macomber (born January 13, 1928) is the principal of JDM Investment Group and was the president of the Export-Import Bank of the United States from 1989 to 1992. He was born in Rochester, New York. He 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.[4]

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.[5]

Personal life[edit]

Macomber was born in Rochester, New York, and served in the US Air Force for two years.[6] 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.[7][5]

References[edit]

Specific
  1. ^ "Executive Profile - John Dewitt Macomber". Bloomberg. Retrieved March 12, 2018.
  2. ^ Hicks, Jonathan P. (1986-11-04). "HOECHST TO ACQUIRE CELANESE". The New York Times. ISSN 0362-4331. Retrieved 2022-03-03.
  3. ^ "BUSINESS PEOPLE; CELANESE CHIEF LEAVING AS HOECHST TAKES OVER". timesmachine.nytimes.com. Retrieved 2022-03-03.
  4. ^ "BUSINESS PEOPLE; CELANESE CHIEF LEAVING AS HOECHST TAKES OVER". timesmachine.nytimes.com. Retrieved 2022-03-03.
  5. ^ a b Burrough, Bryan; Helyar, John (2009). Barbarians at the Gate: The Fall of RJR Nabisco. Harper Business. p. 60.
  6. ^ 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.
  7. ^ Bradsher, Keith (August 23, 1992). "Making a Difference; The Businessman at Ex-Im". New York Times. Retrieved March 12, 2018.