Born: 1944, Indianapolis
Education: Purdue University, chemical engineering
First job: Putting hardcover books in boxes for shipment
What is the greatest business lesson you’ve learned?
The value of the people you associate yourself with and how to inspire them and help them help themselves and help the company progress has been the biggest lesson and the biggest challenge.
Whom do you admire most in business and why?
From a creating value for shareholders’ perspective, Jack Welch would have to be at the top of that list.
McNeeley on the sale of Reilly Industries to Arsenal Capital Partners: It was very much a cooperative effort between the management, the board and the (Reilly) family. As the senior manager of the company, I was at the forefront of the activity at first. It was my responsibility to bring those issues to the board. We had complete alignment between the shareholders, the board of directors and management on all the issues.
Barry Siadat, managing partner of Arsenal Capital Partners, on McNeeley: Bob can tell you how important he was because we had to do everything we can to make sure he stayed on (after the $250 million sale). He also has built a really good team, and we wanted to make sure the entire executive team is in place and will continue to work together.