Timothy Boyle (born 1949) is an American billionaire, and the president as well as CEO of Columbia sportwear.
Early life
Boyle is one of 3 children born to Joseph Cornelius “Neal” Boyle, an Irish Catholic and also Gertrude Lamfrom. His mommy was Jewish and also fled as a young adult from Nazi Germany as well as came in to Portland, Oregon; she to Catholicism after weding her spouse. He has 2 siblings: Kathy Boyle (birthed 1952) as well as Sally Boyle (born 1958).
His grandpa acquired the Rosenfeld Hat Company and transformed its name to the Columbia Hat Company (after the river). His dad ended up being of Columbia hat after his grandpa died and afterwards diversified the hat business into outerwear for hunters, anglers, and skiers. In 1960, his mother created the very first fishing vest (his papa was a passionate angler) and the name of the company was altered to Columbia Sportswear.
Occupation
Boyle participated in the University of Oregon, however left after his papa died in 1970 at the age of 47 as well as joined his mommy– that had actually come to be president of Columbia– after that with $800,000 in yearly sales. The firm struggled and teetered on insolvency up until in the 1970s when he and his mom the business on outside clothes as well as sportswear which paralleled a basic fad far from official job clothing. In 1975, they were the first company to introduce Gore-Tex parkas. In 1986, Columbia launched the Bugaboo, a jacket with a zip out which ended up being quite trendy as well as more propelled the business’s development. Columbia was unique among specialty clothes suppliers in that it would certainly sell its items to any retail shop or chain. In 1987, Columbia had $18.8 million in sales as well as by 1997 it had grown to $353.5 million. The company went public in 1998. In the very early 2010s, Boyle Columbia away from leading line products and also more towards the mid-range, moderately priced products; he additionally remained to line up sales with changes taking place in the retail sector, moving the company much more towards internet sales.
Boyle’s 41% ownership interest in Columbia Sportswear over $1.0 billion in 2013.
Summary
| Timothy Boyle | |
|---|---|
| Born | 1949 (age 67–68) |
| Nationality | American |
| Education | University of Oregon (attended) |
| Occupation | businessman |
| Known for | President and CEO of Columbia Sportswear |
| Net worth | US$1.71 billion (November 2015) |
| Spouse(s) | Mary Boyle |
| Parent(s) | Gert Lamfromm Boyle Joseph Cornelius “Neal” Boyle |
Timothy Boyle was bornon 1949 in Portland, Oregon, United States. Timothy Boyle is #1159 in List Billionaires People In The World. After his father died suddenly of a heart attack in 1970, Tim Boyle returned home from the University of Oregon to help his mother, Gert, rescue their fledgling family company, Columbia Sportswear. Tim ran operations at the outdoor retailer, while Gert dealt with the finances. Revenues fell 25% to $600,000 in the first year, and the company’s bankers told the Boyles to sell the business. One buyer came in and offered $1,400. “Three times its actual value,” Tim told FORBES in 2015. Gert cussed out the would-be buyer and recommitted to building the business. Columbia sales eventually took off, thanks to clever marketing and innovative products, like the Bugaboo jacket, which included an interchangeable zip-in fleece liner. Columbia hauled in $2.4 billion in revenues in 2016. Nearly 50 years after Boyle came home from college, he is still the CEO.
Source:
- Wikipedia
- networthstat