| BUSINESSWEEK ONLINE : AUGUST 9, 1999 ISSUE | ||||||||
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| COVER STORY
Lloyd David Ward BORN 1949, Detroit, Mich. EDUCATION BS in engineering, 1970, Michigan State; MBA, 1984, Xavier. FAMILY Married since 1970. Wife, Lita, 50, met Ward in college. Two grown sons, both consultants at Arthur Andersen: Lloyd II, 27, a Harvard graduate living in Dallas; Lance, 24, a Stanford grad in San Francisco. WHERE HE GREW UP A three-room, 20-ft.-by-20-ft. house with no running water. FIRST JOB During high school, construction work in Michigan. On the long morning commutes, Ward played chess with a co-worker. ROLE MODELS Parents Rubert, a postman, preacher, and janitor, and Sadie passed on to Ward their love of books and education. ATHLETIC CAREER Won a basketball scholarship to college. Was team captain but had team's worst shooting record. BUSINESS CAREER Procter & Gamble, 1970-77 and '78-'88; Ford Motor, '77-'78; PepsiCo, '88-'96; Maytag, '96-present. Becomes CEO on Aug. 12. MAYTAG STOCK HOLDINGS More than 100,000 shares, at a current value of $7 million. More than 400,000 stock options. 1998 SALARY $979,000 PRIZED OFFICE MEMENTOS Photos of himself with Colin Powell and Ronald Reagan. EXTRACURRICULAR A leader of a Des Moines initiative to boost high school graduation rates and entrepreneurialism among African Americans. PASSIONS Karate, golf, basketball with his sons. Tennis and Friday night movies with Lita. FAVORITE BOOKS Nonfiction works, especially business books. Bookshelf includes Al Dunlap's Mean Business. Says Ward: ''You can learn from people even when they're wrong.'' SURPRISE 50TH BIRTHDAY PRESENT A red Dodge Viper from Lita. WARD'S MOTTO ''Play above the rim. Put points on the board.'' ON LIVING IN IOWA ''Iowans have great values, [but] we go to New York to see a show.'' _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP |
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 RELATED ITEMS The Saga of Maytag's Lloyd Ward COVER IMAGE: The Saga of Lloyd Ward PHOTO: Lloyd Ward with the Maytag Repairman RESUME: Lloyd David Ward PHOTO: Lloyd Ward's Childhood Home in Romulus, Mich. PHOTO: Four of the Five Ward Children: Delbert (left), Rubert (back), Vivian, and Lloyd (right) PHOTO: Lloyd Ward Addressing Maytag Employees, 1996 PHOTO: Lloyd Ward with Students at A.C. Maceo High School in Dallas TABLE: Maytag's Hot New Appliances CHART: Ward's Touch Helps Maytag Clean Up Don't Mess With This Maytag Repairman ONLINE ORIGINAL: Lloyd Ward on ``Diversity as a Business Agenda'' ONLINE ORIGINAL: Can Maytag's Stock Keep Spinning Faster? INTERACT E-Mail to Business Week Online | |||
