RJR Nabisco - Name Change and Headquarters Move

Name Change and Headquarters Move

R. J. Reynolds Industries, Inc., which began as R. J. Reynolds Tobacco Company in Winston-Salem, North Carolina in 1875, and changed its name in 1970, became RJR Nabisco on April 25, 1986 after the company's $4.9 billion purchase of Nabisco Brands Inc. in 1985.

In August 1986, the RJR Nabisco board announced that F. Ross Johnson would replace J. Tylee Wilson as head of the company effective January 1, 1987. Soon after that, Johnson, believing "bucolic" Winston-Salem did not have the right image for a "world-class company", began looking at other possible headquarters cities. The company decided against New York City and Dallas, Texas. Atlanta was selected because it was "nouveau riche and overbuilt". On January 15, 1987, the RJR Nabisco board approved a headquarters move from Winston-Salem to Cobb County, Georgia, north of Atlanta, where the company had rented space. The move would affect 250 to 300 employees, while Winston-Salem would still have 14,000 people working for the company. RJR Nabisco donated the 519,000-square-foot World Headquarters Building to Wake Forest University but continued to use it until the September 1987 move. Later, RJR Nabisco's Planters-Life Savers Division moved to the former headquarters building.

Read more about this topic:  RJR Nabisco

Famous quotes containing the words change, headquarters and/or move:

    “In the continual enterprise of trying to guide appropriately, renegotiate with, listen to and just generally coexist with our teenage children, we ourselves are changed. We learn even more clearly what our base-line virtues are. We listen to our teenagers and change our minds about some things, stretching our own limits. We learn our own capacity for flexibility, firmness and endurance.”
    —Jean Jacobs Speizer. Ourselves and Our Children, by Boston Women’s Health Collective, ch. 4 (1978)

    “Anything goes in Wichita. Leave your revolvers at police headquarters and get a check.”
    —For the State of Kansas, U.S. public relief program (1935-1943)

    “If the sight of the blue skies fills you with joy, if a blade of grass springing up in the fields has power to move you, if the simple things of nature have a message that you understand, rejoice, for your soul is alive ...”
    —Eleonora Duse (1859–1924)