Paul S. Walsh

Quick Facts

Full Name	Paul S. Walsh
Occupation	Chief Operating Officer
Date Of Birth	May 15, 1955(1955-05-15)
Age	69
Birthplace	Middleton
Country	United States
Birth City	Wisconsin
Horoscope	Taurus

Paul S. Walsh Biography

Paul S. Walsh is one of the most popular and richest Chief Operating Officer who was born on May 15, 1955 in Middleton, Wisconsin, United States. Paul Steven Walsh (born 15 May 1955) is an English businessman from England. He was head of Diageo the largest spirits company, for 12 years between 2000 and 2013.

When 1987 came around, Walsh relocated into New York to become the CFO of Grand Met’s 100 properties-strong Intercontinental Hotels division. In his new position, he was responsible for purchasing properties, however, being at the peak of what he described as an inflated real estate market and argued that “at that price we should be selling, not buying”. Walsh was also of the opinion that the hotel chain used the working capital in excess. The year 1988 was the time he assisted in negotiating the transfer to the company in exchange for $2.3 billion cash (a price-to-earnings ratio of 52) to the Saison Group, in what was later called “the deal of the decade”. Prior to the burst of the bubble there was speculation there was a possibility that it was possible that the Japanese company was paying too much for the chain. One analyst described their appraisal to Intercontinental to be “off the chart”. Saison was sold to its chain to Saison in 1998 at $2.8 billion. The chain had added 87 more hotels.

In January 1992 Walsh was made chief executive of Pillsbury, in addition to his job as CFO of the Grand Met food division. A Star Tribune profile described him as “a boy-wonder [with] traits of boldness, curiosity and financial wizardry”. Walsh identified the various divisions of Pillsbury as poorly integrated and reined in their independence to make them more accountable to head office. He also invested heavily in research and development, technology, IT systems and marketing.

Concentrating the company on consumer food, in 1994 he sold the Alpo pet food business to Nestlé for $510 million in cash. In February 1995 he participated in Grand Met’s friendly takeover of Pet, Inc., the makers of Old El Paso branded Tex-Mex foods, for $2.6 billion. A number of analysts feared at the time that Grand Met had overpaid for the company, and was taking on too much debt, but Walsh defended the acquisition, arguing, “we are paying a fair price for attractive brands”, adding that he had faith in the continued growth of the Tex-Mex food sector. In October 1995 he joined the Grand Met board of directors and assumed additional responsibility for Grand Met’s Paris-based European food operations. In 1996 he was made chairman and president of Pillsbury. Investors Chronicle described Pillsbury as “well managed” under his leadership. Walsh was credited with re-energising the company, and operating profits grew from $250 million to $660 million between 1992 and 1996.

Walsh began working for the London-based property brewery company Grand Metropolitan (Grand Met) in 1982, as an accountant and financial planner. He also served as the account manager for their division for brewing Watney, Mann & Truman. In 1984-2005, upon the request of his boss, he been promoted to an advertising and sales role. In 1986, he was named the division’s Chief Financial Officer (CFO) and attracted the attention of the chairman of Grand Met Allen Sheppard after he reformed the financial reporting system.

Paul S. Walsh Net Worth

Paul S. Walsh is one of the richest Chief Operating Officer from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Paul S. Walsh 's net worth $5 Million. (Last Update: December 11, 2023)

However, Walsh took a sandwich degree in economics and accounting from Manchester Polytechnic in 1973, which included a job placement at the Cooperative Group’s soft drink operation. He was not a fan of accounting, but he believed that this skill could be an excellent opportunity to enter the business world. He relocated from London in order to join International Computers Limited, and later , the American Eaton Corporation, a maker of industrial equipment which is where he learned an “can-do attitude”.

Walsh was introduced to Manchester’s Nicolette (Nikki) at London in 1978, when she was an Laker Airways flight attendant. They were married in 1980. They have a son named Dean Paul Walsh (born 27 April 1981) . In the wake of Paul’s job and work, they relocated in 1987 into their home in the United States, first New York and then Orono, Minnesota from 1990. After that, the couple moved back to United Kingdom in 1999. They split in 2006, and she was awarded an amount of divorce settlement, which was around PS15 Million, which is as one of the biggest settlements of any kind in British history. In October 2012, it was announced that Walsh was set to marry his long-term partner Julie Lewis, a public relations manager, and they were married in May of 2013.

Following the divestment, Walsh joined Grand Met’s US-headquartered food division as CFO. In 1989, Grand Met used the proceeds from the Intercontinental sale to initiate a hostile takeover of Pillsbury, owner of the Green Giant and Häagen-Dazs brands, for $5.7 billion. The Grand Met offer was held by analysts to be a generous one for a struggling company that was under-performing in its industry. Walsh subsequently admitted to overvaluing the Green Giant vegetables division. Grand Met was attempting to diversify, and was attracted to Pillsbury’s brands, which they believed held under- exploited potential for international growth. Writing in Businessweek, Mark Maremont accused Pillsbury of being “lax” in exploiting Häagen-Dazs’ potential overseas. Walsh said:

Height, Weight & Body Measurements

Paul S. Walsh height Not available right now. Paul weight Not Known & body measurements will update soon.

Who is Paul S. Walsh Dating?

According to our records, Paul S. Walsh married to Julie Lewis Walsh. As of December 1, 2023, Paul S. Walsh’s is not dating anyone.

Relationships Record : We have no records of past relationships for Paul S. Walsh. You may help us to build the dating records for Paul S. Walsh!

Meanwhile, inspired by the success of Smirnoff Ice, Walsh invested heavily in ready to drink products, termed “alcopops” by the British press. However, with the exception of Smirnoff Ice, none of the new products developed by Diageo was able to establish itself in the marketplace, and the alcopop trend was quickly dubbed a “fad” by the media. Some of these failures proved costly: Captain Morgan Gold lost £24 million for the company in 2002.

Facts & Trivia

Paul Ranked on the list of most popular Chief Operating Officer. Also ranked in the elit list of famous people born in United States. Paul S. Walsh celebrates birthday on May 15 of every year.

Walsh received an Honorary Doctorate from Heriot-Watt University in 2009

Who is Paul s Walsh?

Walsh serves as chairman of Compass Group PLC since 2014. He was CEO of Diageo plc, a multinational beverage company, from 2000 until his retirement in 2013. Previously, he was chairman and president of The Pillsbury Co. from 1996 to 1999.

Who is the chairman of McLaren?

Paul Walsh is Executive Chairman of luxury automotive, motorsport and technology company McLaren Group. Paul brings a wealth of business experience to McLaren having been Chief Executive Officer of FTSE 100 listed drinks company Diageo for 13 years having spent over three decades in total with the company.

How old is Paul Walsh?

59 years (October 1, 1962)

Who is Basil S Walsh?

Basil Walsh of Palm Beach, Florida is the author of Catherine Hayes: The Hibernian Prima Donna , a recent 370-page biography of Ireland’s first great international opera singer. Published in the US and Ireland by Irish Academic Press. He has also written extensively about opera for various publications.

How much does the CEO of McLaren make?

According to a 2018 filing with tie IRS, McLaren Healthcare CEO Philip Incarnati was paid just under $7 million. At least six McLaren executives earn upwards of $1 million.