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Making His Mark

Making His MarkTufts graduate and Aramark Chairman and CEO Joe Neubauer is being recognized for his contributions in the boardrooms of corporate America.

Medford/Somerville, Mass. [10.20.05] Hard work is nothing new for Joe Neubauer, who spoke only a few words of English when he moved from Israel to the United States at age 14. Nearly 50 years later, the top executive at managed services giant Aramark still has the same strong work ethic that propelled him through high school, Tufts University and business school and is being recognized for his dedication and skill by the Outstanding Directors Institute.

A self-proclaimed workaholic, Neubauer serves on the boards of Federated Department Stores, Verizon Communications and Wachovia Corporation, in addition to his day job as chairman and CEO of Aramark. He is one of nine executives honored by the institute this year as an outstanding director.

“Our award winners represent the best in corporate governance,” Institute President J. Michael Cook said in a recent statement. “Our honorees have been selected by their peers for demonstrating courage, diligence and leadership in the boardroom. They have made an indelible mark on the companies they serve.”

Neubauer, who has held senior positions at both PepsiCo and Chase Manhattan Bank, has been head of Aramark for more than 20 years, during which time the company has consistently been named one of the “Most Admired Companies in America” by Fortune magazine. As a leader, Neubauer has been equally successful, with a 2002 Business Week cover story rating him as one of the best managers of the year.

While Neubauer’s accolades continue to pile up, the 1963 Tufts graduate said hard work is what makes him tick.

“I’m an insomniac,” he said recently in Outstanding Directors 2005, an institute publication. “And I enjoy the intellectual stimulation.”

According to the publication, Neubauer respects the free-enterprise system that enabled him to climb the corporate ladder and enjoys giving back to it through his work on various boards.

“When it comes to striving for success, no one ever does it alone,” Neubauer has said, according to the institute. “Once you have achieved success, it is your obligation to help those just beginning the struggle.”

While Neubauer, who also belongs to several organizations outside of work, including the Philadelphia Orchestra Association and the Horatio Alger Association, began that journey decades ago, he has no intention of winding down anytime soon. According to the institute, the 63-year-old will remain CEO of Aramark until at least 2007 and there’s no telling where his career will go from there.

“He outworks everyone around him,” former Governor of New Jersey and Aramark Director Tom Kean said in Outstanding Directors 2005.












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