Managing General Partner/CEO Tampa Bay Devil Rays Chairman, President and CEO Anchor Industries International, Inc. (Deceased) – St. Petersburg, Florida
Mr. Naimoli began his career at Continental Group where he progressed through various management positions, eventually becoming a Vice President and General Manager of Continental Can Company with responsibilities for over $800 million in sales, operation of 52 plants, and employment in excess of 11,000 people. Through the late 70s he held senior management positions with Allegheny Beverage Corp. and Jim Walter Corp. Mr. Naimoli joined Anchor Hocking Corp. in 1981 as a Senior Vice President in the packaging division where, in 1983, he led a group of managers in the purchase of Anchor Glass Container Corp., a money-losing division of Anchor Hocking, where he became Chairman, President and CEO. Within a year, the company went from losing $12 million a year to making a profit. Through a series of acquisitions and productivity enhancements, market share and profitability continued to improve and in 1986, Anchor Glass went public. Additional acquisitions through 1987 resulted in Anchor briefly becoming the largest glass manufacturer in the U.S., ahead of Owens-Illinois. In that year, Forbes Magazine ranked Anchor Glass the nation’s third most profitable company based on return on assets. After selling Anchor Glass in 1989, Mr. Naimoli created Anchor Industries International, Inc., an investment and consulting firm specializing in corporate turnarounds. This led, in turn, to his appointment as President/CEO of Harding Services. As part of his Harding overview, Mr. Naimoli became Chairman, President and CEO of various portfolio companies including Electrolux Corp. and accomplished turnarounds of various distressed companies. He then assumed similar turnaround positions with Doehler-Jarvis, Inc. (1991-95), Ladish Co, Inc. (1993-95) and Harvard Industries (1993-97). Most recently, Mr. Naimoli has, perhaps, become best known for his role in bringing major league baseball to Tampa, Florida. He served as managing General Partner and CEO of the Tampa Bay Baseball Group from 1992-94.