Lonnie Poole Jr.

Last updated
Lonnie Poole Jr.
Born1937 (age 8687)
Occupation(s) Businessman and philanthropist
Known forFounder and former CEO of Waste Industries and largest gift to NC State
SpouseCarol Lynn Johnson Poole

Lonnie Poole Jr. is an American businessman and philanthropist who was the founder of Waste Industries, one of the largest waste and recycling companies in the Southeast United States with approximately 2 million service points. [1] Poole is also known as the largest contributor of all time to North Carolina State University. [2]

Contents

In February 2011, Lonnie Poole was listed by The Chronicle of Philanthropy as number 27 on a list of philanthropic individuals in 2010. [3]

Early years and education

Lonnie C. Poole Jr. graduated from North Carolina State University (NY State) in 1959. [4] Shortly after graduation, he moved to Ohio to become an engineer, but he longed for his opportunity to move back to Raleigh.

Waste Industries

The initial idea of Waste Industries stemmed from market research Poole conducted while developing a concept for a new landfill compactor. The compactor idea failed, but Poole soon discovered his passion and moved back to Raleigh, North Carolina and launched Waste Industries in 1970. [5] [6]

After a few years of stagnation, the company grew in the 1970s and quickly expanded past Wake County and the city of Raleigh. By 1980, the company had reached 10 million dollars in revenue. Soon thereafter, Jim Perry, their first employee (hired in 1971), was named president and chief operating officer.

The company experienced rapid growth, surpassing revenue of $600 million. It was later managed by Lonnie's son Ven Poole. Lonnie Poole served as the firm's CEO from its creation in 1970 until 2002. He served as chairman of the board of directors from 1970 until 2008 and remains on the company's board.

NC State donation

As Poole successfully grew Waste Industries, he decided to give back to the college that helped make him the person he is today. In 2010, Poole contributed $40 million to the school, with $37 million designated for the College of Management, which was established in 1992.

Shortly after the donation, NC State renamed the school The Lonnie C. Poole College of Management. To acknowledge Poole's gift, a permanent wall display now honors the college's benefactor. [7]

The gift included $2.5 million to fund The Carol Johnson Poole Club House at the NC State Lonnie Poole Golf Course, which was named for Poole who provided a naming gift for the course in 2007. [8]

Other Philanthropy

In addition to being a major supporter to NC State, Poole's charitable causes extend to other organizations. For instance, through his affiliation with Epic Flight Academy, [9] Poole supports Boy Scouts of America. [10] As a boy, Poole earned the rank of Eagle Scout. A bronze statue of Poole stands near Lonnie Poole Gateway Village at the BSA's Summit Bechtel Reserve. [11] In 2021, the Boy Scouts of America published a monograph titled Forks in the Road about Poole's life and lessons learned while in the Scouts. [12]

Along with other industry leaders, Poole helped establish the Environmental Research & Education Foundation (EREF), a nonprofit organization whose stated purpose is "to advance scientific research and create educational pathways that enable innovation in sustainable waste management practices." [13]

In 2021, the Lonnie & Carol Poole Family Foundation received the top Corporate Philanthropy Award in North Carolina. [14]

Related Research Articles

<span class="mw-page-title-main">Raleigh, North Carolina</span> Capital city of North Carolina, United States

Raleigh is the capital city of the U.S. state of North Carolina and the seat of Wake County. It is the second-most populous city in North Carolina, after Charlotte. Raleigh is the tenth-most populous city in the Southeast, the 41st-most populous city in the U.S., and the largest city of the Research Triangle metro area. Raleigh is known as the "City of Oaks" for its many oak trees, which line the streets in the heart of the city. The city covers a land area of 148.54 square miles (384.7 km2). The U.S. Census Bureau counted the city's population as 467,665 at the 2020 census. It is one of the fastest-growing cities in the United States. It is ranked as a sufficiency-level world city by the Globalization and World Cities Research Network. The city of Raleigh is named after Sir Walter Raleigh, who established the now-lost Roanoke Colony in present-day Dare County.

<span class="mw-page-title-main">North Carolina State University</span> Public university in Raleigh, North Carolina, US

North Carolina State University is a public land-grant research university in Raleigh, North Carolina, United States. Founded in 1887 and part of the University of North Carolina system, it is the largest university in the Carolinas. The university forms one of the corners of the Research Triangle together with Duke University in Durham and the University of North Carolina at Chapel Hill. It is classified among "R1: Doctoral Universities – Very high research activity".

<span class="mw-page-title-main">Wake County, North Carolina</span> County in North Carolina, United States

Wake County is a county located in the U.S. state of North Carolina. As of the 2020 census, its population was 1,129,410, making it North Carolina's most populous county. From July 2005 to July 2006, Wake County was the 9th-fastest growing county in the United States, with Cary and Raleigh being the 8th- and 15th-fastest growing communities, respectively.

<span class="mw-page-title-main">Cherokee County, North Carolina</span> County in North Carolina, United States

Cherokee County is the westernmost county in the U.S. state of North Carolina. It borders Tennessee to its west and Georgia to its south. As of the 2020 census, the population was 28,774. The county seat is Murphy.

<span class="mw-page-title-main">Scouting in North Carolina</span>

Scouting in North Carolina has a long history, from the 1910s to the present day, serving thousands of youth in programs that suit the environment in which they live.

<span class="mw-page-title-main">Durham, North Carolina</span> City in North Carolina, United States

Durham is a city in the U.S. state of North Carolina and the county seat of Durham County. Small portions of the city limits extend into Orange County and Wake County. With a population of 283,506 in the 2020 census, Durham is the fourth-most populous city in North Carolina and the 70th-most populous city in the United States. The city is located in the east-central part of the Piedmont region along the Eno River. Durham is the core of the four-county Durham–Chapel Hill metropolitan area, which had an estimated population of 608,879 in 2023. The Office of Management and Budget also includes Durham as a part of the Raleigh–Durham–Cary, NC Combined Statistical Area, commonly known as the Research Triangle, which had an estimated population of 2,368,947 in 2023.

<span class="mw-page-title-main">Research Triangle</span> Geographic region of North Carolina, U.S.

The Research Triangle, or simply The Triangle, are both common nicknames for a metropolitan area in the Piedmont region of the U.S. state of North Carolina. Anchored by the cities of Raleigh and Durham and the town of Chapel Hill, the region is home to three major research universities: North Carolina State University, Duke University, and the University of North Carolina at Chapel Hill, respectively. The "Triangle" name originated in the 1950s with the creation of Research Triangle Park located between the three anchor cities, which is the largest research park in the United States and home to numerous high tech companies.

<span class="mw-page-title-main">Ralph Campbell Jr.</span> American politician and auditor (1946–2011)

Ralph Campbell Jr. was an American politician and auditor who served as the North Carolina State Auditor from 1993 to 2005. A member of the Democratic Party, he was the first African American to hold statewide elected executive office in North Carolina. Campbell was born in Raleigh, North Carolina, and he attended St. Augustine's College. He graduated with a degree in business administration in 1968, and served in the United States Army Reserve from 1971 until 1977. After leaving the reserve, he worked various government jobs before being elected to the Raleigh City Council in 1985.

<span class="mw-page-title-main">Thomas Michael Holt</span> American politician

Thomas Michael Holt was an American industrialist who served as the 47th governor of North Carolina from 1891 to 1893. Formerly a North Carolina State Senator and Speaker of the House of the North Carolina General Assembly, Holt was instrumental in the founding of North Carolina State University, as well as in establishing several railroads within the state and the state's department of agriculture. Holt was also responsible for the technology behind the family's Holt Mills "Alamance Plaids", the first colored cotton goods produced in the South – a development that revolutionized the Southern textile industry.

<i>The News & Observer</i> American newspaper

The News & Observer is an American regional daily newspaper that serves the greater Triangle area based in Raleigh, North Carolina. The paper is the largest in circulation in the state. The paper has been awarded three Pulitzer Prizes, the most recent of which was in 1996 for a series on the health and environmental impact of North Carolina's booming hog industry. The paper was one of the first in the world to launch an online version of the publication, Nando.net in 1994.

<span class="mw-page-title-main">Interstate 440 (North Carolina)</span> Highway in North Carolina

Interstate 440 (I-440), also known as the Raleigh Beltline, the Cliff Benson Beltline, or locally as The Beltline, is an Interstate Highway in the US state of North Carolina. I-440 is a 16.4-mile-long (26.4 km) partial beltway that nearly encircles central Raleigh. I-440 begins in west Raleigh at an interchange with I-40 as a continuation of U.S. Highway 64 (US 64)/US 1 and traverses a primarily residential area in west Raleigh. The freeway makes a turn toward the east, crossing US 70, Six Forks Road, and Wake Forest Road. US 1 branches north off I-440 at US 401, becoming US 401/US 1. I-440 turns toward the southeast and follows a brief concurrency with U.S. Highway 64 Business before intersecting I-87/US 64/US 264. US 64 and I-87 are concurrent with I-440 along the remainder of the road's southwesterly routing. Exit 16 is the last exit on I-440, where I-440 splits to join either I-40 eastbound or I-40 westbound.

<span class="mw-page-title-main">Centennial Campus of North Carolina State University</span>

Centennial Campus is a research park and educational campus owned and operated by North Carolina State University in Raleigh, North Carolina, United States. Composed of two locations, the 1,334 acres (5.4 km2) property provides office and lab space for corporate, governmental and not-for-profit entities, in addition to providing space for 75 university research centers, institutes, laboratories and departmental units. Currently, 5,000,000 sq ft (460,000 m2) of constructed space has been built. Upon completion, Centennial Campus is anticipated to have 9,000,000 sq ft (840,000 m2) of constructed space.

<span class="mw-page-title-main">Lonnie Poole Golf Course</span> Golf course in Raleigh, North Carolina, United States

Lonnie Poole Golf Course is an 18-hole public golf course located on the campus of North Carolina State University in Raleigh, North Carolina, United States.

Ira David Wood III is an American actor, author, singer, theater director and playwright. He is the Executive Director of Theatre in the Park, a community theatre company in Raleigh, North Carolina. Wood is the father of actress Evan Rachel Wood.

<span class="mw-page-title-main">Randy Woodson</span> Chancellor of North Carolina State University

William Randolph "Randy" Woodson is an American plant physiologist and university administrator. He is the fourteenth and current chancellor of North Carolina State University.

<span class="mw-page-title-main">Art Pope</span> American politician from North Carolina

James Arthur Pope is an American businessman, attorney and former government official. Pope is the owner, chairman and CEO of Variety Wholesalers, a group of 370 retail stores in 16 states. He is also the president and chairman of the John William Pope Foundation. He previously served in the North Carolina House of Representatives and recently served as the Budget Director for North Carolina Governor Pat McCrory.

<span class="mw-page-title-main">Waste Industries</span> American waste management company

Waste Industries is a waste management company headquartered in Raleigh, North Carolina. Specialising in non-hazardous solid waste, recycling collection of waste disposal from residential and commercial customers in the Southeastern United States.

<span class="mw-page-title-main">Deese Clock Tower</span> Campanile in North Carolina, United States

The Willie A. & Carrol C. Deese Tower, simply referred to as Deese Tower, is a free standing campanile located on the campus of North Carolina Agricultural & Technical State University. The 88 feet (27 m) tall tower was a gift to the university from alumni Willie A. Deese and Carrol Chalmers Deese.

Ben C. Sutton Jr. is an American investor and philanthropist and the founder and Chairman of Teall Capital, a private equity fund and portfolio holding company that helps colleges in their athletic operations.

The Poole College of Management is the business school of the North Carolina State University in Raleigh, North Carolina, United States. The college, accredited by the AACSB in 2000, currently enrolls more than 3,500 students across its undergraduate and graduate academic programs. The college employs around 100 full-time faculty members across its four academic departments: Accounting, Business Management, Economics, and Management, Innovation and Entrepreneurship.

References

  1. Kellie Slappey. "Waste Industries USA, Inc - North Carolina History Project".
  2. "Largest Gift to NC State includes $37 Million Endowment, Naming of the Poole College of Management - News at Poole College - NC State University". 17 December 2010.
  3. "The Philanthropy 50: Americans Who Gave the Most in 2010". 6 February 2011.
  4. "Interview with Lonnie Poole, March 22, 1999; Interview I-0085; Southern Oral History Program Collection (#4007)".
  5. "Our History, Our Future - Waste Industries". wasteindustries.com.
  6. "Executive Profile Lonnie C. Poole, Jr". Bloomberg. Retrieved 2019-03-31.
  7. Poole College installs wall display to honor benefactor Lonnie C. Poole, Jr., NC State University, 3 March 2014
  8. "Our Namesake: Lonnie C. Poole, Jr" . Retrieved 2019-03-31.
  9. Chris Steffen (2020-08-20). "Danny Perna Profile". Florida Virtual Entrepreneur Center.
  10. "SE Volusia County Golden Eagle Dinner". Archived from the original on 4 April 2019. Retrieved 2019-04-04.
  11. "Lonnie C Jr. and Carol Poole" . Retrieved 2022-05-22.
  12. Lonnie C. Poole, Jr. (2021). Forks in the Road: Lessons in Leadership From Lonnie C. Poole Jr. Boy Scouts of America. ISBN   9780839501497.
  13. "Lonnie C. Poole, Jr. Leadership and Service Honored by EREF" . Retrieved 2022-05-27.
  14. "Corporate Philanthropy Awards: Lonnie & Carol Poole Family Foundation". Triangle Business Journal. 2021-11-18.