John W. Teets, a businessman that is self-made served as chief administrator for the Phoenix-based Dial and Greyhound corporations in the 1980s and 1990s, has died. He was 77.
Mr. Teets passed away night at his Paradise Valley home of problems from Alzheimer’s illness, in accordance with family members friend Steve Roman friday.
“He’s a giant, in my own head,’’ said Joe Fassler, who worked with him from 1976 until Mr. Teets’s retirement in 1997. “He defined leadership. He was a no-nonsense man and a very, really manager that is energetic. I happened to be in awe of him.’’
Mr. Teets, whom expanded up in Chicago and was a partner in a successful activity that is residential district, joined up with Greyhound Corp. in 1963 to aid develop the restaurants during the company’s subsidiary operating during the ny World’s Fair.
He became president of two meals service subsidiaries in 1965 at age 32, the subsidiary chief procedure that is youngest officer in Greyhound’s history. Mr. Teets continued to be president and CEO of the Greyhound Food Management and group vice president of food service for the organization in 1975.
Business officials stated the food solution team expanded 60 % throughout the next four years. Mr. Teets in 1980 oversaw devices associated with aircraft ground services, cruise liner gift shops, airport duty-free shops, and their solution organizations.
Mr. Teets was elected vice president for the Greyhound Corp. and also to the board of directors in 1980. He had been known as president and CEO of Armor & business, then a Greyhound subsidiary, and became Greyhound’s CEO in 1981 october.
Over the next ten years, Mr. Teets restructured Greyhound from the giant conglomerate as a business that is streamlined. The Armor had been sold by him meatpacking company in 1983 to ConAgra for $2 billion, but retained the buyer services and products company, which became known as the Dial customer Products Group.
By 1987, Mr. Teets had finished the sale of Greyhound Lines – the nation’s provider that is biggest of intercity bus transport – to Dallas investors for $350 million.
Dial Corp., the soap that is scottsdale-Ariz.-based, was split into two separate, publicly traded entities in 1996 – the $1.6 billion Dial Corp. customer item company while the $2.5 billion Viad Corp. service company that encompasses convention service, flight catering, and monetary payment solutions, plus travel and leisure businesses.
Fassler said Mr. Teets dabbled in real estate after your retirement and maintained a workplace that is little the Viad building in midtown Phoenix. Mr. Teets helped design the building that is distinctive according to Fassler.
Fassler said Mr. Teets additionally ended up being “a strong community giver’’ and should be recalled for phoenix-area charities to their work and social tasks.
Dial sponsored the television liberties for the PGA’s Phoenix Open and had been a investor that is business the Arizona Diamondbacks, which joined up with major league baseball as a nationwide League expansion team in 1998.
Mr. Teets also invested money in the NBA’s Phoenix Suns in 1987 if the team was on the market and on the verge of relocating following a drug scandal involving players which can be several.
“he encouraged me to together put a deal. He was my mentor, and I respected him dearly,’’ previous Suns owner Jerry Colangelo said. “Our community has lost one of our leaders which are great.’’
Mr. Teets departs his wife, Nancy, four daughters, and five grandchildren.ar Circumstances in terms of this is the concerns that is originating from all that social individuals had in the pandemic.”
