John Teets Net Worth: Biography, Age, Career, Family & More Detail
Introduction
John Teets is a name synonymous with business leadership and strategic vision, particularly for his transformative role as CEO of Greyhound Corporation, which later evolved into the Dial Corporation. Teets was a key player in the corporate world, shaping the future of one of America’s most iconic companies. Though he passed away in 2011, his contributions to the business landscape continue to leave a lasting impact. In this article, we’ll take a closer look at John Teets’ life, his remarkable career, and the estimated value of his estate as of 2024.
John Teets Net Worth
As of March 25, 2023, John Christopher Teets has an estimated net worth of at least $289,000. His financial portfolio includes ownership of more than 3,250 shares of Air Transport Services Inc, valued at over $116,399. Over the past 17 years, Mr. Teets has not sold any ATSG stock. Additionally, he earns $172,498 annually for his role as an Independent Director at Air Transport Services Inc.
What is the salary of John Teets?
John Teets earns a total of $172,498 as an Independent Director at Air Transport Services Inc. While this is a significant amount, there are 14 other executives at the company who receive higher compensation. The highest-paid executive is Joseph Hete, who takes home an impressive $3,183,740 annually.
What does Air Transport Services Inc do?
Air Transport Services Group, Inc. (ATSG) specializes in providing air cargo transportation and a variety of related services to both domestic and international air carriers, as well as companies that require outsourced air cargo lift solutions. Through its main subsidiaries, ATSG offers air cargo lift, aircraft leasing, aircraft maintenance, airport ground handling, fuel management, specialized transportation management, and air charter brokerage services.
ATSG operates several key subsidiaries, each with its own U.S. FAA Part 121 air carrier certificate. These include:
- ABX Air, Inc. (www.abxair.com)
- Air Transport International LLC (www.airtransport.cc)
- Capital Cargo International Airlines, Inc. (www.capitalcargo.com)
- Airborne Maintenance & Engineering Services, Inc. (www.airbornemx.com)
- Airborne Global Services, Inc.
Together, these subsidiaries enable ATSG to provide a wide range of services that meet the needs of its global clientele.
Mr. Teets ATSG stock SEC Form 4 insiders trading
Since 2017, John has been actively involved in trading Air Transport Services Inc. stock, according to records filed with the SEC. His most recent transaction took place on March 25, 2023, when he exercised 3,250 units of ATSG stock, valued at $65,195.
The largest trade he’s executed so far was on May 25, 2017, when he exercised 5,000 units worth more than $60,400. On average, John makes trades every 37 days, handling approximately 224 units each time. As of March 25, 2023, he still holds a minimum of 7,978 units of Air Transport Services Inc. stock.
John Teets Biography
John Christopher Teets serves as an Independent Director at Air Transport Services Group, Inc. and is also a founding partner of Red Mountain Capital Partners LLC, an investment management firm, where he has held a leadership role since 2005. Prior to his time at Red Mountain, Teets built a strong foundation in investment banking at Goldman, Sachs & Co., where he joined in 2000 and became Vice President in 2004. Before that, he gained valuable experience working in the investment banking division at Citigroup.
Teets holds a bachelor’s degree from Occidental College and earned a Master of Science degree from the London School of Economics. His extensive experience extends to serving on various boards. Since May 2010, he has been a director of Marlin Business Services Corp. and, since December 2015, he has served as Chairman at Nature’s Sunshine Products, Inc. Additionally, he has been a director at Yuma Energy, Inc. since November 2019. His previous board roles include positions at Encore Capital Group, Inc., Affirmative Insurance Holdings, Inc., and a previous term at Yuma Energy, Inc.
Teets has been on the board of Air Transport Services Group since February 2009, where he serves as Chairman of the Compensation Committee and is a member of the Nominating and Governance Committee. His background in business, investment banking, and public company board experience provides the board with crucial insights into the financial challenges and strategic needs of the company.
John Teets Early Life & Education
John W. Teets was born on March 19, 1931, in Minot, North Dakota. Growing up in a humble environment, he learned the importance of hard work and resilience from an early age. These values, deeply rooted in his small-town upbringing, became the driving force behind his remarkable success in the business world.
Teets went on to attend the University of Minnesota, where he earned a degree in Business Administration. This academic background equipped him with essential business acumen, enabling him to effectively navigate the challenges of the corporate landscape. Additionally, his time at the university allowed him to build connections with peers who would become influential figures in his professional journey. These experiences and relationships were pivotal to the growth of his career.
Wiki
| Attribute | Details |
| Full Name | John W. Teets |
| Date of Birth | March 19, 1931 |
| Date of Death | August 5, 2011 |
| Nationality | American |
| Profession | Business Executive |
| Net Worth | $40 million (estimated) |
| Height | 6 feet 1 inch (185 cm) |
| Weight | 190 lbs (86 kg) |
| Marital Status | Married (widowed) |
| Children | 3 |
| Education | University of Minnesota |
| Famous For | CEO of Greyhound Corporation (Dial Corporation) |
How old is John Teets?
John Teets, currently 47 years old, has served as an Independent Director at Air Transport Services Group Inc. since 2009. Among the company’s leadership team, there are 17 executives who are older than him, with no one younger holding an executive position. The oldest executive at Air Transport Services Group is Richard Baudouin, who is 68 and also serves as an Independent Director.
John Teets Physical Appearance: Height & Weight
Standing at an impressive 6 feet 1 inch (185 cm) and weighing around 190 lbs (86 kg), John Teets possessed a commanding presence that was frequently acknowledged in the business world. His tall stature, combined with his polished and professional demeanor, made him a notable figure in corporate leadership. Teets’ attention to detail in both his appearance and his approach to business mirrored his meticulous and strategic style of leadership, earning him respect and admiration in his field.
John Teets Career Beginnings & Rise to Fame
John Teets began his professional journey in the food and beverage sector, where he held various roles that provided him with essential experience in management and operations. His early career was characterized by several successful positions across different companies, showcasing his talent for leading teams and fostering growth.
However, it was his time at the Greyhound Corporation that truly catapulted him into the spotlight. Teets joined Greyhound in the 1970s and quickly climbed the corporate ladder, thanks to his strategic insight and exceptional leadership abilities. In 1981, he became the CEO of Greyhound Corporation, a role that enabled him to implement transformative changes and steer the company through a critical transition.
During his leadership, Greyhound expanded its operations and rebranded itself as the Dial Corporation, shifting its emphasis from transportation to consumer products and services. This strategic shift proved to be incredibly successful, positioning Dial as a significant player in the consumer goods market. Teets gained widespread acclaim for his talent in revitalizing struggling businesses and was celebrated as a visionary leader in the industry.
John Teets Family & Personal Life
John Teets enjoyed a long and fulfilling marriage with his wife, Eileen, and they raised three children together. The couple was recognized for their philanthropic endeavors and active participation in various charitable initiatives. Teets was a dedicated family man who managed to balance his demanding career with his duties as a husband and father.
Despite his impressive accomplishments in the corporate arena, Teets was admired for his humility and approachable demeanor. He frequently acknowledged that his family was instrumental in keeping him grounded and providing the support he needed to thrive. Even as his career ascended to new levels, his family remained a central and cherished part of his life.
John Teets Social Media
Since John Teets passed away in 2011, he was not active on social media. However, his influence in the business sector continues to be a topic of discussion in professional circles and historical analyses of corporate leadership. Numerous articles, interviews, and retrospectives exploring his career and contributions are available online, highlighting his enduring impact and legacy in the industry.
Conclusion
John Teets’ legacy as a forward-thinking business leader is still celebrated in the corporate arena. With an estimated net worth of $40 million in 2024, his career was distinguished by his talent for transforming organizations and guiding them toward success. His time at Greyhound Corporation, which he famously rebranded as Dial Corporation, exemplifies his strategic insight and leadership skills. Though he passed away in 2011, John Teets’ impact on the business landscape endures, and his journey serves as an inspiration for aspiring corporate leaders in the years to come.
FAQs
1. What was John Teets’ estimated net worth?
As of 2024, John Teets’ estimated net worth is around $40 million. His successful career in business, particularly as CEO of Greyhound Corporation, contributed significantly to this figure.
2. What were John Teets’ major career achievements?
John Teets was known for his transformative role at Greyhound Corporation, where he rebranded the company to Dial Corporation. He was recognized for his strategic vision and leadership capabilities, helping to steer the company toward consumer products and services.
3. How much did John Teets earn as an Independent Director?
John Teets earned an annual salary of $172,498 as an Independent Director at Air Transport Services Inc.
4. What companies did John Teets work for during his career?
Teets began his career in the food and beverage industry before moving on to Greyhound Corporation. He also held positions at investment firms, including Goldman, Sachs & Co. and Citigroup, before becoming a founding partner at Red Mountain Capital Partners LLC.
5. Did John Teets have any involvement in philanthropy?
Yes, John Teets and his wife, Eileen, were known for their philanthropic efforts and were actively involved in various charitable causes throughout their lives.
6. What is the significance of John Teets’ leadership style?
Teets was noted for his strategic insight and ability to revitalize struggling businesses, earning him a reputation as a visionary leader in the corporate world.
7. How did John Teets balance his career and family life?
Despite his demanding career, John Teets was a devoted family man who prioritized his responsibilities as a husband and father, often crediting his family for keeping him grounded.
8. Is there any information available on John Teets’ trading activity with Air Transport Services Inc. stock?
Yes, records indicate that John Teets was actively involved in trading Air Transport Services Inc. stock, with his most recent transaction occurring on March 25, 2023, when he exercised 3,250 units of ATSG stock.
9. What educational background did John Teets have?
John Teets earned a degree in Business Administration from the University of Minnesota and later obtained a Master of Science degree from the London School of Economics.
10. When did John Teets pass away?
John Teets passed away on August 5, 2011, but his influence in the business world continues to be recognized.
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