G. Richard Thoman's early life was marked by a strong foundation in education. He earned his Bachelor's and Master's degrees from the University of Michigan.
Growing up, Thoman was likely exposed to the importance of hard work and determination, traits that would serve him well in his future endeavors.
Early Life
G. Richard Thoman grew up in a family that valued education and hard work.
His parents instilled in him a strong work ethic, which would serve him well throughout his life.
Born in 1943, Thoman was raised in a modest home with his parents and siblings.
Thoman's early life was marked by a strong sense of community and family values, which would shape his future endeavors.
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Career
G. Richard Thoman's career is a testament to his leadership skills and experience in the corporate world. He worked closely with Louis V. Gerstner, Jr. at McKinsey & Company, American Express, RJR Nabisco, and IBM.
Thoman was a key player in IBM's turnaround, serving as Senior Vice President and general manager of IBM's Personal Systems Group. He later became Senior Vice President and chief financial officer of IBM.
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As the first outsider in Xerox's history to be positioned as the next CEO, Thoman's appointment was met with a 2.9% increase in the company's stock price. He assumed his duties as President and COO on June 30, 1997.
Thoman became CEO of Xerox on April 1, 1999, after Paul Allaire stepped down. Allaire remained chairman of the board, and Thoman was tasked with leading the company's transformation into the Digital Age.
Thoman served as US head of the Transatlantic Dialogue from 1999-2000, working with European corporate CEOs, the US Secretary of Commerce, and the EC Commissioner to standardize corporate regulations.
Here are the key business positions held by G. Richard Thoman:
Thoman's tenure as CEO was marked by challenges, including resistance from entrenched bureaucracy and a few botched reorganizations. He resigned on May 11, 2000, and was succeeded by Anne M. Mulcahy.
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