Former Sky Chefs CEO Michael Kay to Speak at KSU
Michael Z. Kay‚ retired president and chief executive officer of Sky Chefs Inc. (now known as…
Georgia (Feb 1, 2002) — Former Sky Chefs CEO Michael Kay to Speak at KSU
Michael Z. Kay‚ retired president and chief executive officer of Sky Chefs Inc. (now
known as LSG Sky Chefs) will speak as part of the Tetley Distinguished Leader Lecture
Series at the Coles College of Business at Kennesaw State University‚ Tuesday‚ Feb.
12. The lecture will be at 2:00 p.m. in Room 151 of the Burruss Building. The lecture
is free and open to the public.
"Michael Kay is widely respected for being a turnaround expert‚" says Coles College Dean Tim Mescon. "This‚ and his recent experience with such a huge acquisition‚ makes him an invaluable resource for our students."
Kay recently completed the sale of Dallas−based Sky Chefs to Lufthansa Air Lines‚ creating the world's largest airline catering enterprise. LSG Sky Chefs‚ a unit of Deutsche Lufthansa AG‚ of Germany‚ has combined revenues of $3.5 billion‚ and produces 427 million in−flight meals per year. The acquisition followed intensive study of the cultures and behaviors of both companies so the new enterprise would mesh the best of each.
He became president and CEO of Sky Chefs in 1991. Between 1992 and 1995‚ operating profits rose from $28.5 million to $64.7 million. By 1995‚ Sky Chefs was healthy enough to make a dramatic acquisition of a company that three years earlier was much larger than Sky Chefs.
Kay is currently chairman of the board of Magnatrax Corporation‚ and serves on the board of National Service Industries Inc.
Kennesaw State University‚ a progressive‚ comprehensive institution with a growing student population of 14‚000‚ offers more than 50 degree programs. Out of 34 institutions‚ KSU is the sixth largest in the University System of Georgia.
A leader in innovative teaching and learning, Kennesaw State University offers undergraduate, graduate and doctoral degrees to its nearly 43,000 students. With 11 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the country and the world. Kennesaw State is a Carnegie-designated doctoral research institution (R2), placing it among an elite group of only 6 percent of U.S. colleges and universities with an R1 or R2 status. For more information, visit kennesaw.edu.