Tim Lane (executive)
Tim Lane | |
|---|---|
 | |
| Born | Chicago |
| Nationality | American |
| Alma mater | University of Chicago |
| Occupation(s) | USA corporate executive, entrepreneur, investor |
| Known for | Expansion of KFC in Asia and the Middle East in the 1990s, Nation building in Afghanistan: Afghanistan Reconstruction Company, Afghanistan International Bank |
| Children | Margot Peter |
Tim Lane is a U.S. corporate executive, entrepreneur, and investor.
Education and early career[edit]
Born in Chicago Tim Lane received his B.A. in Accounting from the University of Dayton, and his M.B.A. in marketing and finance from the University of Chicago Booth School of Business. His early professional experience included a general management role at Masonite International Corporation and the position of Assistant to the Chairman at Consolidated Packaging Company.
Career[edit]
PepsiCo, Inc., 1981–1996[edit]
In 1981 Tim Lane became the Director of Business Planning at the Pepsi-Cola Company where he introduced innovative strategies including the roll-up of Pepsi's franchise bottling network. Lane successfully launched a number of new products, including Slice (soft drink). The following year Tim became Vice President and CFO of Pepsi-Cola's Food Service Division where his leadership contributed to a four-fold increase in divisional profits while doubling Pepsi's market share. Two years later, as Vice President and CFO of Pepsi's Frito-Lay International, he led an acquisition strategy that took division revenue from $400 million to $3 billion.[1][2] Between 1987 and 1989 Tim oversaw operations in 150 countries as Vice President and CFO of Pepsi-Cola International and KFC Worldwide.[3] The next stage of his career brought him wide recognition in the business community while he served as President of KFC International Asia and CEO of PepsiCo Restaurants International, Asia, and the Middle East.[4][5]
At KFC International Asia Tim Lane inherited a loss-making 250 store system generating $250 million in sales.[6] Within 6 years he built a new management team, revitalized KFC's flagging franchise system,[7] initiated substantial development of company-owned markets, including the opening of China [8] and India,[9] and built a 2500 store system generating $2.5 billion in revenues and more than $200 million in profits.[10][11] As KFC President he led 22 consecutive quarters of double-digit growth in stores, revenues and profitability.[12] During this period Tim Lane also orchestrated the successful IPO of KFC Japan. This expansion resulted in dominant KFC share positions across Asia and the Middle East, and particularly in China. The China expansion in particular brought Tim media attention and acclaim in the international business community. The business growth platform developed by Tim Lane and his team, especially as it related to KFC's dominance in China, enabled PepsiCo to spin off the restaurant group into what is known today as Yum! Brands.
Holiday Inn Worldwide, Chairman, President and CEO, 1996[edit]
In 1996 Tim Lane became Chairman, President and CEO of Holiday Inn Worldwide,[13][14][15] one of the world's largest hotel groups comprising 2,300 hotels with system revenues of $8 billion, direct revenues of $2 billion and operating profits of $300 million. He recruited new top management to re-invigorate the organization and create a results-driven culture. Within a year Lane developed award-winning advertising with a newly engaged advertising and marketing firm, launched a proprietary “extended stay” brand, Staybridge Suites, and bought out troubled joint ventures in India and Indonesia.[16] Lane negotiated several company and industry transformational acquisitions. All of them, however, were ultimately rejected by London-based Bass PLC, parent company of Holiday Inn. A year later Lane sought an early exit when it became apparent to Lane that Bass PLC "lacked the corporate courage to implement real change."[17][18]
Nation Building, Afghanistan, 2002–2007[edit]
In 2002 Tim Lane co-founded The Afghanistan Reconstruction Company LLC (ARC),[19] built the new Embassy of the United States, Kabul complex, and completed many vital infrastructure projects.[20][21] and over the following 5 years rebuilt the Kabul-Kandahar Highway for USAID,[22] built the new Embassy of the United States, Kabul complex, and completed many vital infrastructure projects.[23] [24] Tim established the first privately owned commercial bank in Afghanistan, the Afghanistan International Bank (AIB)[25][26] in partnership with Asian Development Bank[27] and ING Group.[28][29][30] He also constructed, owned and operated a successful soft drink bottling plant in Kabul.
Everest Advisors, corporate and charity work, 1997–present[edit]
Tim Lane is the Managing Director of Everest Advisors, Inc., a venture capital and advisory firm he founded in 1997.[31] Based in Hong Kong, Everest Advisors consulted ChinaVest and JP Morgan on Asia/China portfolio companies. EA was an early investor in Bacterin International (BONE - IPO in 2010), a biologics processing and manufacturing company with proprietary patented technology servicing the orthopedic surgical market, and in Navigate Inc., a cloud based enterprise solution provider serving the financial services industry and competing against firms such as Salesforce.com and SAP.
Tim Lane served as CEO and Vice-Chairman of the Board at Food Automation Service Techniques, Inc (dba Kitchen Brains)[32] which designs, manufactures, and sells sophisticated process controls and cloud-based SaaS solutions for the food services industry. Tim has also served as the Chairman of the Board of True Drinks, Inc,[33] a healthy children's beverage business with ties to The Walt Disney Company.[34]
In April 2016 Tim Lane was elected to the board of directors American Humane Association.[35]
References[edit]
- ^ Jing, Jun (2000). Feeding China's Little Emperors: Food, Children, and Social Change: Globalized Childhood. Stanford University Press. p. 123. ISBN 978-0804731348.
- ^ "Hot Wings take off: In the US Fried Chicken Outlets Are Struggling, but Asians Can't Seem To Get Enough of the Bird". Forbes. 151 (1–7): 74. 1993.
- ^ "Flying High". Asiaweek. 16 (40–51): 79. 1990.
- ^ "Western fast food serves heartland, as modern supermarkets sweep coast".
- ^ "Fast Food's Forward March". Business India (451–454): 101. 1995.
- ^ "KFC in Asia". Asian Business. 28 (7–12): 282. 1992.
- ^ "A Powerful Push". Asiaweek. 18: 66. 1992.
- ^ "When your consumer makes only $220 a year". Vietnam Economic Times. 1–9: 20. 1994.
- ^ "Timothy Lane: We Don't Aim to Supplant Local Customs or Preferences". Business India (451–454): 101. 1995.
- ^ "KFC Opens 3500th Restaurant". Travel Indonesia. 14: 29. 1992.
- ^ "The Key to KFC's Success". Asian Advertising & Marketing. 7 (1–7): 186. 1992.
- ^ "KFC". China Trade Report. 32: 53. 1994.
- ^ "The Brand Makers: For Holiday Inn, the name is the game".
- ^ "Tim Lane Has Been Named the New President and CEO of Holiday Inn Worldwide". AAHOA Hospitality. 1: 10. 1996.
- ^ "Timothy Lane Left Pepsico to Become CEO of Holiday Inn". Lodging. 21: 73. 1995.
- ^ "Lane to Call On Franchise Experience To Enhance Holiday Brands". Hotel Business: 122. 1996.
- ^ "Holiday Seeks New CEO After Resignation of Lane Over Management Style". Hotel Business: 157. 1996.
- ^ Graham, Todd (1998). The International Hotel Industry. Economist Intelligence Unit. p. 201. ISBN 9780850588828.
- ^ "Afghanistan Rehabilitation/Reconstruction Organizations".
- ^ "New Report Offers First Look At 7,000 Afghanistan Reconstruction Contracts".
- ^ Bais, Karolien (2005). The Profit of Peace: Corporate Responsibility in Conflict Regions. Greenleaf. p. 81. ISBN 978-1874719908.
- ^ "USAID Afghanistan fact sheet: Phase I - Kabul-Kandahar highway". 14 December 2003.
- ^ "Rebuilding Afghanistan and Iraq: Pursuing Opportunities and Managing Risk" (PDF).
- ^ "Rebuilding Afghanistan". International Trade Reporter. 20 (1): 432. 2003.
- ^ IMF, IMF (2004). Afghanistan: Selected Issues and Statistical Appendix - Foreign-owned banks incorporated in Afghanistan. International Monetary Fund. p. 66. ISBN 9781451876048.
- ^ Khan, M (2008). Developments in Islamic Banking: The Case of Pakistan. Palgrave Macmillan Studies in Banking and Financial Institutions. p. 67. ISBN 9780230582309.
- ^ "Working Differently In Fragile and Conflict-Affected Situations: The ADB Experience" (1). Asian Development Bank. 2012: 10.
{{cite journal}}: Cite journal requires|journal=(help) - ^ "Development of the Commercial Banking System in Afghanistan: Risks and Rewards". 2009 (2150). 2009: 11.
{{cite journal}}: Cite journal requires|journal=(help) - ^ Taylor & Francis Group, Europa (2005). Europa World Year. Europa Publications Ltd. p. 439. ISBN 978-1857432541.
- ^ "Development Effectiveness Report 2011: Private Sector Operations" (1). Asian Development Bank. 2011: 5.
{{cite journal}}: Cite journal requires|journal=(help) - ^ Bajpai, Kanti (2015). China-India Relations: Cooperation and Conflict. Routledge. p. 142. ISBN 978-1138955752.
- ^ "Kitchen Brains® Growth, Future Prospects Attract Top Food Service Industry Talent: Board Member Timothy Lane Assumes Role of CEO" (Press release). 2013-04-30.
- ^ "True Drinks Names Tim Lane, Former CEO of PepsiCo Restaurant International, as Chairman".
- ^ "New Board at True Drinks".
- ^ "CEO of Everest Advisors, PepsiCo Restaurants International, and Holiday Inn Worldwide Elected to American Humane Association Board" (Press release).