Consumer >> CEO Interviews >> June 7, 2001
GARY E. COSTLEY joined International Multifoods Corporation as Chairman
of the Board, President and Chief Executive Officer in January 1997. At
International Multifoods, Mr. Costley installed the Economic Value Added
(EVA') business and financial management tool to support the company's
primary objective of creating shareholder value. Using the EVA
discipline, he led organizational changes to improve financial
performance and focus the company on businesses that have leadership
positions and significant growth potential. Mr. Costley's extensive
experience in the food industry includes 24 years with Kellogg Company,
where he held a number of executive positions, culminating in his
promotion to Executive Vice President and Area Director of Kellogg North
America in 1992. During his tenure at Kellogg, Mr. Costley also held the
positions of Vice President, Public Affairs; Senior Vice President,
Corporate Development; and Executive Vice President, Science and
Technology. Mr. Costley served as Dean of the Babcock Graduate School of
Management at Wake Forest University in Winston-Salem, N.C., from 1995
to 1997. During his tenure at Wake Forest, Mr. Costley taught business
ethics. He continues to speak on business ethics, EVA and other topics
at colleges and universities, and business conferences and seminars. Mr.
Costley holds a PhD and a Master's degree in Nutrition and a Bachelor's
degree in Animal Science from Oregon State University. He serves on the
boards of International Multifoods Corp., Candlewood Hotel Company,
Pharmacopeia, Inc. and ecFood.com. Profile
Multifoods and an overview of the company as it is now?
Mr. Costley: Let me tell you first about where we are going and
