Calvin S. Hatch, Former Clorox Chairman and CEO, Dies at 85.OAKLAND, Calif. -- The Clorox Company (NYSE NYSE See: New York Stock Exchange :CLX (library, graphics) CLX - The Common Lisp library providing a low-level interface to the X Window System, equivalent to Xlib. Graphics toolkits can be built on top of CLX, e.g. McCLIM, Garnet, CLUE and CLIO. ) today announced that former Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Calvin "Cal" Shipley Hatch died on Oct. 1, 2006, at the age of 85. Hatch joined Clorox in 1972 as vice president - sales, following 25 years with Procter & Gamble's sales organization. Subsequently, he was named group vice president - marketing services, and, in 1976, took on additional responsibility for the Kingsford division and the company's former mushroom operations in the United Kingdom. With his election as executive vice president in 1977, Hatch became responsible for the company's sales, marketing, advertising, research and development, manufacturing and legal functions as well as human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , procurement and public affairs. In 1981, he was elected president and chief executive officer of the company. In 1982, he was also elected chairman of the board. He retired from the company on March 31, 1986. Hatch's tenure as CEO was marked by significant gains in sales, net profit and shareholder return. Between 1981 and 1985, net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight increased 40 percent to more than $1 billion. New internally developed products and acquisitions further diversified the business. He leveraged the company's strong brand equities to maximize pricing and build gross margins, doubling the company's profit margin within five years. Under Hatch's leadership, the company built its growing capabilities in the cleaning products category, launching Tilex([R]) mildew remover, which combined the company's technical expertise in sodium hypochlorite sodium hypochlorite n. An unstable salt usually stored in solution and used as a fungicide and an oxidizing bleach. and home cleaning formulations. He was responsible for establishing the company's food business as a separate operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon in 1982, leading to the introduction of bottled Hidden Valley([R]) Ranch salad dressing and the company's entrance into its first "mega" category (i.e., a category with more than $1 billion in sales). In fiscal year 1985, the company used its growing fragrances expertise, adding micro-encapsulated fragrance to clay-based cat litter, growing the Fresh Step([R]) equity into the second largest brand of cat litter in the U.S. Just prior to his retirement, the company extended the Clorox([R]) brand equity with Fresh Scent Clorox([R]) liquid bleach. Throughout his career and into retirement, Hatch was involved in numerous civic and business organizations. He received several awards, including the United Nations Eleanor Roosevelt Humanitarian Award in 1985 and the University of Utah The University of Utah (also The U or the U of U or the UU), located in Salt Lake City, is the flagship public research university in the state of Utah, and one of 10 institutions that make up the Utah System of Higher Education. Distinguished Alumnus ALUMNUS, civil law. A child which one has nursed; a foster child. Dig. 40, 2, 14. Award in 1994. Born Feb. 23, 1921, Hatch was a native of Salt Lake City and a graduate of University of Utah with a bachelor's degree in business administration. Hatch's dedication to University of Utah continued throughout his life. Following his retirement, he served on the university's National Advisory Council, Health Science board, and the boards of directors of the Moran Eye Center and the Diabetes Center. Together with his wife, he established the Calvin S. and JeNeal N. Hatch endowed Chair in Ophthalmology at the John A. Moran Eye Center for the prevention and cure of macular macular adjective Related to 1. A macule 2. The macula disease. Hatch is survived by his wife of 60 years, JeNeal, and their children, Marcia H. Thomas of Lafayette, Calif., and Julie Hatch of La Jolla, Calif., as well as six grandchildren and three great grandchildren. The Clorox Company The Clorox Company is a leading manufacturer and marketer of consumer products with fiscal year 2006 revenues of $4.6 billion. Clorox markets some of consumers' most trusted and recognized brand names, including its namesake bleach and cleaning products, Armor All([R]) and STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. ([R]) auto care products, Fresh Step([R]) and Scoop Away([R]) cat litters, Kingsford([R]) charcoal briquets, Hidden Valley([R]) and K C Masterpiece([R]) dressings and sauces, Brita([R]) water-filtration systems, and Glad([R]) bags, wraps and containers. With 7,600 employees worldwide, the company manufactures products in 25 countries and markets them in more than 100 countries. Clorox is committed to making a positive difference in the communities where its employees work and live. Founded in 1980, The Clorox Company Foundation has awarded cash grants totaling more than $62.3 million to nonprofit organizations, schools and colleges; and in fiscal year 2005 alone made product donations valued at $4.9 million. For more information about Clorox, visit www.TheCloroxCompany.com. |
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