Sheldon Lavin already had a career in banking when he decided to come from being an ‘outsider’ in the meat supplying business to a globally-renowned powerhouse. He began financing a meat supply company called Otto & Sons that provided meat to the McDonalds corporation in the early 1970s.
By 1975, Sheldon Lavin had become far more invested in Otto & Sons, and the company began to look at overseas investments. He accepted the position of partner in the enterprise when the father retired. In the late 1970s, Otto and Sons underwent a name change to OSI, and McDonald’s asked Mr. Lavin to come on board full-time. For the next 20 years, OSI Group continued to expand, and when one of the partners quit, Sheldon Lavin bought his share of the company, bringing his total shares to over 50 percent. Mr. Lavin maintained these shares until 13 years ago when the last partner retired, and he bought his shares bringing Mr. Sheldon Lavin’s total shares to 100 percent.
Education and Work Background
Sheldon Lavin started his career in the investing and banking industry. He went on to open his investment firm, which he ran very successfully for years. He initially got involved in the meat supplying business by being asked to provide investment information and financing to Otto & Sons, a meat providing business out of Chicago, Illinois. He took on more and more responsibility before officially becoming a partner in the corporation years later. Mr. Lavin has a long history of philanthropy work, and is known for either working with these groups or serving on the boards:
• Ronald McDonald House Charities
• President and Director of The Sheba Foundation, a family charitable foundation
• Board member of the Goodman Theatre
• Board member of Rush University Medical Center
Globe of Honor
OSI Group has won multiple awards since Mr. Lavin has taken over as CEO. OSI Group has been the recipient of the Globe of Honor by the British Safety Council in 2013, 2015, and 2016. This award is given to companies who exceed expectations in environmental management.
OSI Group and Sheldon Lavin have been changing the way the world does meat processing, and they will continue to do so for years to come.
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