Former CEO of Honeywell International Inc. selected to lead RTI board after acquisition
MINNEAPOLIS – May 28, 2015 – Restaurant Technologies Inc. (RTI) is pleased to announce that prolific business leader and author Larry Bossidy is the new chairman of the board of directors at RTI. EQT Infrastructure Limited (“EQT Infrastructure”) recently sold RTI to a group of investors led by Aurora Capital Group (“Aurora”), a Los Angeles-based private investment firm.
“Larry Bossidy is one of the most respected and admired business leaders of the 21st century. I have had the privilege of knowing and working with Larry in a variety of settings for more than 30 years, beginning when I was a freshman in college. I have no doubt that he will help us reach our potential as a company and will do so by modeling leadership excellence and our 5C culture with an unwavering focus on customer, character, commitment, courage and community. Larry will not only help us continue to succeed during Aurora’s ownership, but he will also leave a leadership legacy with his contribution to building future RTI leaders,” said Jeff Kiesel, CEO, Restaurant Technologies Inc.
A graduate of Colgate University, Bossidy began his career at General Electric, where he served in a number of positions with GE, including chief operating officer of General Electric Credit Corporation (now GE Capital Corporation), executive vice president and president of GE’s services and materials sector, and vice chairman and executive officer of General Electric Company.
In 1991, Bossidy joined AlliedSignal Inc. as chairman and CEO, where he is credited with transforming AlliedSignal into one of the world’s most admired companies. He was named CEO of the Year by Financial World magazine in 1994 and Chief Executive of the Year by CEO Magazine in 1998.
Bossidy became chairman of Honeywell International Inc., following the merger of AlliedSignal and Honeywell in December 1999. He retired in April 2000. He returned as chairman and CEO of Honeywell International Inc. in July 2001, following General Electric’s unsuccessful acquisition bid for Honeywell. He retired from Honeywell again in 2002.
Additionally, Bossidy is co-author of the best-selling book “Execution: The Discipline of Getting Things Done” and its sequel, “Confronting Reality: Master the New Model for Success.”
For more information about RTI, visit https://www.rti-inc.com.
RTI – Restaurant Technologies, Inc.
Restaurant Technologies Inc. (RTI). Improving quality. Improving safety. Improving the environment. The company’s fully automated oil storage, handling and disposal management system helps increase worker safety, improve restaurant cleanliness and minimize frying-oil inconveniences. RTI data-management solutions provide restaurant decision-makers with increased visibility into oil usage for better food quality and consistency. Headquartered in Mendota Heights, Minn., RTI serves more than 22,000 customers via 41 oil depots throughout the United States. Visit RTI online.
Restaurant Technologies Inc. and RTI are trademarks of RTI.