Martin E. Franklin

Martin E. Franklin
Born 31 October 1964
London, England
Residence Harrison, New York, US
Aspen, Colorado, US
Alma mater University of Pennsylvania
Occupation Business executive
Known for Co-founder & Executive Chairman of Jarden
Net worth GBP£357 million (2015)[1]
Board member of Restaurant Brands International
Spouse(s) Julie Hinds Franklin
Children 3 sons, 1 daughter
Parent(s) Sir Roland Franklin
Lady Nina Franklin
Relatives Ellis Arthur Franklin (grandfather)

Martin E. Franklin (born 31 October 1964) is a British-born, New York City-based business executive. He is the co-founder of Jarden. He served as its chairman and Chief Executive from 2001 to 2011. Since 2011, he has served as its Executive chairman.

Early life

Martin E. Franklin was born on 31 October 1964 in London, England.[2] His father, Sir Roland Franklin, was a merchant banker who undertook hostile takeovers with Sir James Goldsmith.[3][4] Franklin emigrated to the United States with his family at the age of fifteen, settling in Harrison, New York.[5]

Franklin graduated from the University of Pennsylvania, where he received a bachelor of arts degree in political science.[2][5]

Business career

Franklin worked for N M Rothschild & Sons in Manhattan.[5] At the age of twenty-four, Franklin was appointed as the chief executive officer (CEO) of the Dickinson Robinson Group, where his father asked him to sell their products off one by one.[2]

Franklin acquired Benson Eyecare with Ian Ashken from the pension fund of General Electric for US$2.3 million in the 1990s.[3] They took it public on the New York Stock Exchange,[3] and Franklin served as its CEO. He was the youngest CEO of a corporation listed on the NYSE.[6] They sold the company to Essilor for US$300 million in 1996.[3][7]

Franklin attempted to acquire the Alltristra Corporation with Ian Ashken in 2000.[8] When their bid failed, they became activist boards members.[8][3] By 2001, Franklin became its CEO while Ashken became its chief financial officer.[8] Meanwhile, the two men renamed it the Jarden Corporation.[9] Franklin served as its chairman and chief executive from 2001 to 2011.[9] Since 2011, he has served as its executive chairman.[9]

As executive chairman of Jarden, Franklin earned US$44 million in 2013.[10] The following year, in 2014, he earned US$118 million, US$110.8 million of which was in shares, with a salary of US$2.2 million.[10] He earned US$231 million in total from 2010 through 2014.[10]

With Bill Ackman and Nicolas Berggruen, Franklin co-founded Justice Holdings, a shell company on the London Stock Exchange which invested in Burger King.[11] Franklin owned 2% in 2012.[11] As of 2015, Franklin serves on the board of directors of Restaurant Brands International, which owns Burger King and Tim Hortons.[12]

Franklin founded the Platform Specialty Products Corporation with financial backing from Ackman in 2013.[13] In July 2015, he acquired Alent through a merger with the Platform Specialty Products Corporation.[13]

Franklin co-founded Platform Acquisition Holdings, a shelf corporation listed on the London Stock Exchange, with Nicolas Berggruen in 2013.[14] They acquired MacDermid, a chemical company, for US$1.8 billion in October 2013.[14]

Franklin co-founded Nomad Foods, a frozen food company which sells products under the Birds Eye and Findus brands, with Noam Gottesman in 2014.[13][15][16] In April 2015, they acquired Iglo.[15][16]

Franklin was named Antigua and Barbuda's Special Economic Envoy in January 2015.[17][18]

Franklin was worth an estimated GBP£280 million in 2014.[1] By 2015, he was worth an estimated GBP£357 million.[1]

Philanthropy

Franklin has competed in Ironman Triathlons to raise funds for the Harrison Jewish Community Center in Harrison, New York.[5]

Personal life

With his wife Julie, he has three sons and one daughter.[5] They reside in Harrison, New York.[5] They own another residence in Aspen, Colorado, and they lived there in 2006–2007.[19]

Franklin is an avid skier.[19] Additionally, he competes in ultramarathons.[9] In a 2010 interview in the Financial Times, he revealed, "I have my best ideas on a bicycle, or running over a mountain."[20]

References

  1. 1 2 3 "Sunday Times Rich List". The Sunday Times (page 51). 26 April 2015.
  2. 1 2 3 Hammond, Ed (18 January 2015). "Martin Franklin, Jarden: a repentant corporate raider". Financial Times. Retrieved 30 October 2015.
  3. 1 2 3 4 5 Gallagher, Leigh (27 October 2003). "Master of the Mundane: Martin Franklin is making millions from kitchen matches, twine and canning jars". Forbes. Retrieved 31 October 2015.
  4. ↑ de la Merced, Michael J. (13 July 2015). "Martin Franklin Adds 2 More Deals to a Long List". The New York Times. Retrieved 30 October 2015.
  5. 1 2 3 4 5 6 Hammond, Ed (18 January 2015). "Martin Franklin, Jarden: a repentant corporate raider". Financial Times. Retrieved 9 August 2016.
  6. ↑ Serwer, Andrew E. (17 April 1995). "A MAN WITH A VISION CONSOLIDATES THE EYE-CARE BUSINESS". Fortune. Retrieved 31 October 2015.
  7. ↑ "COMPANY NEWS;ESSILOR PLANS TO BUY BENSON EYECARE FOR $225 MILLION". The New York Times. 13 February 1996. Retrieved 31 October 2015.
  8. 1 2 3 Townsend, Matt (16 July 2015). "Jarden's Take on Private Equity: Publicly Traded, Up 5,000%". Bloomberg Business. Retrieved 31 October 2015.
  9. 1 2 3 4 "BOARD OF DIRECTORS". Jarden Corporation. Retrieved 30 October 2015.
  10. 1 2 3 Ostrowski, Jeff (13 July 2015). "Jarden exec took home $118 million last year". The Palm Beach Post. Palm Beach, Florida. Retrieved 31 October 2015.
  11. 1 2 Neate, Rupert (4 April 2012). "Tycoon's move flips Burger King back on the market". The Guardian. Retrieved 31 October 2015.
  12. ↑ "BOARD OF DIRECTORS". Restaurant Brands International. Retrieved 31 October 2015.
  13. 1 2 3 Raice, Shayndi; Walker, Ian (13 July 2015). "Martin Franklin Expands Chemicals Empire With $2.1 Billion U.K. deal: Acquisition is latest in deal-making spree by founder of Jarden and Nomad groups". The Wall Street Journal. Retrieved 31 October 2015.
  14. 1 2 Ng, Serena (10 October 2013). "Jarden Chairman Envisions a Chemical Empire: Serial Buyer Martin Franklin to Acquire MacDermid in First of Several Acquisitions". The Wall Street Journal. Retrieved 30 October 2015.
  15. 1 2 "Birds Eye owner, Iglo Group, sold to American firm". BBC. 20 April 2015. Retrieved 31 October 2015.
  16. 1 2 Farrell, Sean (20 April 2015). "Captain Birds Eye sets sail again as US investors buy Iglo". The Guardian. Retrieved 30 October 2015.
  17. ↑ "Antigua Names Martin Franklin New Special Economic Envoy". Caribbean Journal. 31 December 2014. Retrieved 31 October 2015.
  18. ↑ "Gov't appoints Special Economic Envoy". The Antigua Observer. 2 January 2015. Retrieved 31 October 2015.
  19. 1 2 Maremont, Mark; McGinty, Tom (16 July 2011). "Corporate Jet Set: Leisure vs. Business". The Wall Street Journal. Retrieved 31 October 2015.
  20. ↑ Knight, Rebecca (17 May 2010). "Business diary: Martin Franklin, Jarden". Financial Times. Retrieved 31 October 2015.
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