Frank Rooney
Businessperson, Award Nominee
Who is Frank Rooney?
Frank Rooney is a wealthy American businessman.
Rooney amassed his fortune by managing two highly successful companies. As a young man, he graduated from Worcester Academy and the University of Pennsylvania, and began a twenty-year career as the CEO of Melville Corporation. Under Rooney's management, the company's revenues grew from $180 million to $7 billion, primarily through acquisition, the CVS/pharmacy chain being the most notable. After this success, Rooney retired to his homes in New York State, Nantucket, and Florida. In 1990, he was pressed into service by Warren Buffett, whose company, Berkshire Hathaway, was about to buy the shoe manufacturer H.H. Brown, which was formerly managed by his father-in-law. Rooney felt at ease running the $400 million H.H. Brown, where he only works full-time during the spring and fall. He notes that his informal agreement with Buffett is that he only work one day a week for the next twenty years.
We need you!
Help us build the largest biographies collection on the web!
- Nationality
- United States of America
- Profession
- Education
- University of Pennsylvania
- Worcester Academy
Submitted
on July 23, 2013
Citation
Use the citation below to add to a bibliography:
Style:MLAChicagoAPA
"Frank Rooney." Biographies.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.biographies.net/people/en/frank_rooney>.
Discuss this Frank Rooney biography with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In