From career breakthroughs to professional milestones, explore how Sewell Avery made an impact.
Sewell Lee Avery was an American businessman renowned for his leadership at United States Gypsum and Montgomery Ward. He served as president of US Gypsum from 1905 to 1936 and was recruited to revitalize the struggling Montgomery Ward during the Great Depression. Avery successfully restored the company's profitability through significant reforms. Despite being considered a leading Chicago businessman in the mid-1930s, his conservative approach in the post-World War II era, marked by a failure to expand and capitalize on consumer demand, ultimately led to Montgomery Ward losing its competitive edge in the retail market.
In 1901, the Alabaster Company became part of the consolidated gypsum concern, the United States Gypsum Company.
In 1905, Avery became president of the United States Gypsum Company, marking a significant career advancement.
In 1905, Avery became president of the United States Gypsum Company, marking a significant career milestone.
As president of the Commercial Club of Chicago, Avery supported Julius Rosenwald's idea for an industrial museum in 1925.
In 1926, Montgomery Ward had expanded to 10 stores.
In 1930, Montgomery Ward had expanded to 554 stores.
In 1931, Avery was invited onto the board of US Steel by J.P. Morgan & Co. and was also asked to revitalize Montgomery Ward, which was experiencing financial difficulties during the Depression.
In 1936, Avery stepped down as president but continued to serve as chairman of United States Gypsum.
In 1936, Fortune magazine recognized Avery as "generally held to be the No. 1 Chicago businessman,".
In late 1946 or early 1947, Avery relinquished the copyrights of "Rudolph the Red-Nosed Reindeer" back to its author, Robert Lewis May.
In late 1946 or early 1947, Avery relinquished the copyrights of "Rudolph the Red-Nosed Reindeer" back to its author, Robert Lewis May.
By 1951, Sears had more than double the business volume and had surpassed Montgomery Ward in retail stores.
In 1951, Sewell Avery left US Gypsum Company, where he had served as chairman since 1936.
In 1954, Avery resigned as president of Montgomery Ward, though the company never regained its former prominence.
In 1955, Sewell Avery retired with a fortune estimated at $327 million.
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