Career
Zeitz began his professional career with Colgate-Palmolive in New York and Hamburg. Zeitz joined PUMA in 1990 and in 1993 was appointed Chairman and CEO becoming the youngest CEO in German history to head a public company at the age of 30. Zeitz then spearheaded the worldwide restructuring of PUMA, which was in financial difficulties at the time, and implemented a long-term development plan that saw PUMA’s share price gain around 4000 percent in 13 years, from 8.6 Euros in his first year as CEO to an all time high of 350 Euros when the majority stake of the company was acquired by PPR in 2007. Zeitz managed to turn PUMA from a low priced, undesirable brand into one of the top 3 brands in the sporting good industry.
In 2008 Zeitz introduced PUMAVision as an umbrella concept to implement an ethical framework defined by the four key principles of being Fair, Honest, Positive and Creative as applied to all professional behavior, business procedures and relationships throughout and outside of PUMA. In May 2011 he announced PUMA’s Environmental Profit & Loss Account that puts a monetary value to a businesses use of ecosystem services across the entire supply chain. In October 2010, Zeitz was appointed Chief Sustainability Officer (CSO) at PPR and soon after launched PPR HOME, a new and holistic sustainability initiative across the global brands of the Group that operates four interconnected strands of Leadership, Ecology, Humanity and Creativity.
Read more about this topic: Jochen Zeitz
Famous quotes containing the word career:
““Never hug and kiss your children! Mother love may make your children’s infancy unhappy and prevent them from pursuing a career or getting married!” That’s total hogwash, of course. But it shows on extreme example of what state-of-the-art “scientific” parenting was supposed to be in early twentieth-century America. After all, that was the heyday of efficiency experts, time-and-motion studies, and the like.”
—Lawrence Kutner (20th century)
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—Arlie Hochschild (20th century)
“The 19-year-old Diana ... decided to make her career that of wife. Today that can be a very, very iffy line of work.... And what sometimes happens to the women who pursue it is the best argument imaginable for teaching girls that they should always be able to take care of themselves.”
—Anna Quindlen (b. 1952)