Stanley Gault, American businessman, Died at 90

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Stanley C. Gault was born in 1926, in Wooster, Ohio, and died on June 29, 2016.

He was American businessman.

His parents were Clyde and Asenath Gault.

He spent 31 years with General Electric before being named Chairman of the Board and CEO of Rubbermaid from 1981–91.

Stanley Gault became CEO and Chairman of The Goodyear Tire and Rubber Company from 1991-1996.

As of 1985, Stanley Gault has been a director at Avon Products, Inc. A graduate of the College of Wooster, remains as Chairman Emeritus of the Board.

Gault fame came in the 1980s, taking the helm of the Rubbermaid company his father helped to found.

He was instrumental in reorganizing and revitalizing Rubbermaid into a streamlined and efficient multinational corporation.

Stanley Gault embarked on a dual plan of divestiture and strategic investment that generated a 4-fold increase in revenues and a 6-fold increase in profitability.

When he stripped weak product lines and slashed excess cost, he invested in new product development.

There was a time when Rubbermaid turned out more than one product a day.

Stanley Gault was heralded as a business genius in the 1980s for his transformation of Rubbermaid.

But, his leadership has since been criticized because Gault’s successor was less than adequate and Rubbermaid ended up being bought in 1999 by a competitor, Newell.

During 1994 Stanley Gault was inducted into Junior Achievement’s U.S. Business Hall of Fame.

Following his retirement, Gault had devoted himself to philanthropic causes, and he has been a major donor to The College of Wooster (where he earned a bachelor of arts degree in geology in 1948) and many non-profit agencies in the Wooster, Ohio area.

He died in Cleveland, Ohio, after a brief illness.

Stanley Gault passed away at 90 years old.

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