He then worked at Lone Star Plastics until 2006. Faith Driven Movements brings together leaders from around the world that seek to make a financial, social, environmental and spiritual impact through their business ventures. He is a major benefactor of both Baylor University, where the McLane Student Life Center, the acclaimed McLane carillons, and McLane Stadium are named in his honor, and the University of Mary Hardin-Baylor (UMHB) in Belton, Texas, where McLane Hall honors him. [22][23] McLane countersued, accusing the Astros of deliberately tanking in 2012 and 2013 (where they lost 218 combined games) to sink the network. The team was sold on November 17, 2011, for $680million. Additionally, Denton worked for the international businesses of the McLane family in Portugal and Poland. Reflects change since 5 pm ET of prior trading day. After playing key roles in each of these companies growth and productivity, he resigned in order to devote more time to the McLane Group, a parent company consisting of family owned companies operating throughout the world, which until November of 2011 included the Houston Astros where he served as Chairman and CEO. Upon completion of his formal education, Drayton came back to begin working at the family business loading trucks on the second shift. Until 2017, the 2005 Houston Astros season was the most successful season on the field for the Houston franchise. And if you were signing the huge checks you might sit there too. In August, an investment group led by former Astros pitcher Nolan Ryan purchased the Texas Rangers through an unusual bankruptcy auction for $593 million -- about $100 million more than its starting bid. For the first time since McLane's owned the team, neither of the Houston legends are in the lineup. Eighteen distribution centers were built around the United States. Yasir bin Othman Al-Rumayyan, governor of the $500 billion (assets) Public Investment Fund of Saudi Arabia, has 21 days to respond to the summons as the bitter professional golf power struggle boils over into geopolitics. The team won the National League pennant to advance to the World Series, and Houston hosted the first World Series game ever played in Texas. Drayton McLane Jr. HOUSTON -- Houston Astros owner Drayton McLane is putting his franchise up for sale. ft.). Drayton McLane, Jr. serves as chairman of the McLane Group and is the former CEO of the Houston Astros Baseball Club. Copyright 2023 KTRK-TV. Past ventures range from international distribution to food importing and production. The St. Louis Cardinals were the only team in Major League Baseball during the 2005 season to win 100 games. McLane Company needed innovative ideas in order to remain competitive when Drayton joined the ranks in 1959. Erin Hare came to work for McLane Group in May 2004 as the Accounts Payable Specialist. Mr. McLane is the Chairman of the McLane Group, overseeing a number of companies, and he also serves upon the boards of a number of other organizations. The Astros drew an average home crowd of 37,318 in 2006. The Drayton McLane Jr. Official Website is maintained by a few key staff members authorized to publish information directly on behalf of Mr. McLane, although many of the articles and other writings were authored by the man himself. All Rights Reserved. McLane gave the group an exclusive 30-day negotiating window to make him an offer, but no deal ever materialized. It is something he's done for 15 years and considers part of his job. The story begins in late 1800s when McLanes grandfather, Robert McLane opened his first retail grocery business in Cameron, Texas. The grandson of a successful entrepreneur, Drayton experienced firsthand the hard work and dedication it takes to successfully thrive in industry. Drayton McLane's house pictures. You can change the views of Drayton McLane's home by clicking on N, E, S or W. Drayton McLane home is located in Temple, TX USA. He joined MBNA America in 1997 and worked there until 1999. There were many similarities between the two companies and their respectiveowners both were founded in small town America on strong dedication to customers and employees; both were committed to honesty, integrity, and high ethical standards. "The Astros are a great sports franchise in a great city," Greenberg said. Under no circumstances will Faith Driven Movements (or their respective trustees, directors, officers, employees, or agents) be liable for the accuracy, quality or reliability of any of the presentations or Materials, any defamatory, offensive, or illegal conduct of presenters, or any direct, indirect, incidental, special or consequential damages arising from any presentations or Materials. Governor Abbotts Strike Force to Open Texas. McLane said the sale was for "family" reasons, and he was joined in the announcement by his two adult sons, DraytonIII and Denton. Schultz is slated to step down from his third run as CEO on April 1, amid an ongoing labor dispute between the company and hundreds of U.S. stores. All furnishings are moveable, and the beds can be bunked. Biography McLane Group. It is within easy walking distance to academic buildings and the library. He is chairman of the McLane Group, a holding company with a portfolio of various diverse enterprises. He is chairman of the McLane Group, a holding company with a portfolio of various diverse enterprises. During those years, McLane served as president of the Texas Wholesale Grocers Association (19701971) and chairman of the National American Wholesale Grocers Association (19861988).[3]. They were unable to bring home a championship, but they were the first Texas team to make it to . Drayton joined McLane Group in 2006, and serves as managing director of McLane Classic Foods and Chairman of Sports in Action (which manages the Dave Campbell's Texas Football brand). In 1993, he resigned both of these positions to devote his full-time as chairman of McLane Group, which is a holding company founded in 1992. Each resident has his own closet space. Located on the northwest corner of the campus, McLane Hall sits close to Har However, the referendum passed by 16,000 votes, which eventually led to the construction of Minute Maid Park. A Texas native, he turned his family's grocery distribution business, McLane Co., into a global force and sold it to Walmart. |, McLane Ford Dealership of Fredericksburg LLC. He worked in professional sports for the Nashville Predators and the Houston Astros. Under his leadership, the grocery distribution center grew into an international firm. "When we had the opening of spring training, we had to have the players introduce themselves," McLane said. This time,he talked it over with his family and stakeholders for the company. She has 25 years of experience in the accounting field. Greenberg said the normal timeline for such a deal runs about six to 12 months. After building a multi-billion dollar enterprise through visionary leadership with McLane Company, it was time to take on a new challenge. [2], As president and CEO of McLane Company from 1965 to 1994, he added 16 distribution facilities across the US. This year 50% of the Astros roster is brand new. Drayton McLane Jr. is a dynamic business leader and philanthropist. The field itself is named after former MSU baseball coach John Kobs (named for him in 1969), and the stadium facility is named after former Houston Astros owner and Michigan State alumnus Drayton McLane Jr., whose donation in 2008 allowed for the renovation of the new facility. Privacy Policy Houston Astros owner Drayton McLane is putting his franchise up for sale. I talked to Jeff.". Articles When he heard David Glass, Walmarts president and CEO would join them, the meeting became more interesting. He earned his undergraduate degree at Baylor University in 1958 and his master of business administration degree in marketing at Michigan State University in 1959. KRIV-TV first reported McLane's agreement with the investment firm. Faith Driven Movements is not responsible for the opinions, advice, statements, materials, presentations, data, images, videos, documentation and other information (collectively, the Materials) expressed or otherwise shared by guest contributors (including without limitation podcast guests, conference speakers, guest writers, participating companies and investment professionals). In 1991, McLane and shareholders sold the company to Sam Walton for 10.4 million shares of Walmart stock and $50 million in cash. He is responsible for creating and implementing company strategy and overseeing the executive management team. They were one of the first to computerize the distribution system, a key move in McLane Companys success. View other celebrity houses in TX . He then served 14 years as general manager of operations. Chargers general manager Tom Telesco stressed once again at the NFL Combine that removing the veteran Allen from the roster isnt an option as L.A. tries to squeeze under the salary cap. But Greenberg said he's already fielded inquiries. Drayton Jr. was born in Cameron on July 22, 1936, attended the local high school and graduated from Baylor University in 1958 with a B.B.A. Fantasy basketball: How concerning is LeBron James' injury. Donald Trumps real net worth? Sign up for the very best of the podcast, the blog, resources, and upcoming events once a month. But be prepared, McLane is ready to look to this season and his new team. Johns career journey has included significant leadership roles withRyder,XPO Logistics, One Network Enterprises and most recently Brinks, where he wasSenior Vice President & General Manager of US Operations before joining McLane Group. A recent regional television deal with Comcast SportsNet Houston was stated by McLane as putting the Astros on a similar footing as other National League teams, and McLane believed it would help with the income side of this transaction. He thinks it is something to move past, not dwell on. Under his management, McLane hired four general managers (the longest being Gerry Hunsicker) and six managers, with McLane being described as having a special interest in running the team like a business under close watch. McLane became president and CEO of the company and ran it for almost 30 years, averaging a yearly sales growth of 30%. Prior to joining the McLane Global, Denton worked in several industries. MCLANE CLASSIC FOODS. For more detailed information about the business leader and philanthropist, read the official Drayton McLane Jr. During his teenage years, he worked in many other areas of the business. This website comprises the official voice of Drayton McLane Jr. online, allowing him to communicate directly with the public about topics important to him, and to comment on anything involving his interests. In 2003, Walmart sold the company to Warren Buffett's Berkshire Hathaway for $1.45 billion. In the early years, Drayton Jr. assisted his father in building a strong grocery distribution network that served convenience stores, supermarkets, fast food stores, and family owned business around Texas. John Wright has extensive operations, supply chain, and business expertise earned in 3rd-party logistics, manufacturing, cash management and technology companies. Our site uses Javascript. [10][11] The 1995 team had a payroll of $32 million and finished one game off making the National League Wild Card. Links: en.wikipedia.org McLane says he is as optimistic on this opening day as he has been every opening day for the past 15 years, although this is a different year for him. The 74-year-old McLane said he's retained the New York investment firm Allen and Company to help him unload the team he purchased in November 1992 for about $117 million. |, McLane Ford Dealership of Fredericksburg LLC, The McLane Name at the Forefront of Innovation, Sheriff Blaylock: A Family Tradition of Service and Honesty, Distribution and Retail Pioneers Join Forces. The lawsuit, filed in state court in Houston on Thursday, accuses former Astros owner Drayton McLane Jr., as well as Comcast Corp. and NBC Universal Media of fraud, misrepresentation and conspiracy. Following a four-game losing streak, the Oklahoma City Thunder have slid in the standings and are now 28-33. By the spring of 2009, the McLane family had brought "new life" to Michigan State University's baseball facility through a $4 million commitment to enhance one of the most pristine environments in all of intercollegiate athletics. If thats all you know, then you probably are aware of Draytons extraordinary leadership gifts and his reputation for honesty and integrity. Jeff Bagwell and Craig Biggio are still at the park, but made of bronze and playing outside. Under his leadership, the Astros won five division titles, built a new stadium, and played in the teams first World Series. McLane said the sale won't affect the team's operations, particularly on the major league side. He became president and CEO of McLane Company in 1978 and chairman in 1992. It's amazing what they tell you.". McLane mixes with fans every night. Read more Drayton McLane Jr. is Chairman of McLane Group, and he is actively engaged in business, civic duty, and a number of philanthropic projects. By implementing innovative technology and efficient business practices, he expanded the family business into a multi-billion dollar enterprise. Although headquarters are in Central Texas, the company and its . As a renowned entrepreneur and third generation grocery wholesaler, Mr. McLanes success is based on a commitment to quality, customer service, and uncompromising honesty and integrity. Or, you may be aware of his prior ownership of the Houston Astros where he led the franchises rejuvenation and growth in the 90s and 2000s. During that time, the company experienced an average yearly sales growth of 30percent. The chairman of McLane Group and chairman and CEO of the Major League Baseball's Houston Astros lives here. "It's going to be business as usual," McLane said. All rights reserved. One large window is in each room. The 1997 team, built on a payroll of $33 million that ranked 19th in the majors, finally broke through. [29] In nineteen seasons as owner, the team won 1,556 games while losing 1,456. His wife, Elizabeth, and two adult sons, Drayton III and Denton, sat in the front row. 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