Joseph L. Rice III

Joseph L. Rice III (born 1932) is an American businessman. He is a co-founder of Clayton, Dubilier & Rice, one of the oldest private equity investment firms in the world.

Biography

Early life

Joseph L. Rice III was born in 1932.[1] He graduated from Williams College in Williamstown, Massachusetts in 1954.[2][3][4][5] From 1954 to 1957, he served as a Lieutenant in the United States Marine Corps.[4] He returned to school, and received a J.D. from the Harvard Law School in Cambridge, Massachusetts in 1960.[1][2][3][4][5]

Career

He joined the law firm Sullivan & Cromwell in 1960, where he practiced law until 1966.[4] He then worked at Laird Inc., an investment banking firm, from 1966 to 1969.[4] That year, in 1969, he founded Gibbons, Green & Rice.[4]

In 1978, together with Martin H. Dubilier and Eugene Clayton, he co-founded Clayton, Dubilier & Rice, a private equity firm headquartered in New York City.[5][6] In 2012, he announced he would step down as Chairman.[6] The new Chairman is Donald J. Gogel.[2] He currently serves as Executive-in-Residence at the Columbia Business School.[4]

He is a former trustee of his alma mater, Williams College.[2][5] He is a member of the Council on Foreign Relations and the Brookings Institution.[2][5] He co-founded the Private Capital Research Institute.[2] Additionally, he sits on the board of directors of the Marine Corps Heritage Foundation.[2]

Personal life

He is married to Franci J. Blassberg.[7] They have a daughter, Lee Ann. Mr. Rice has two children by a prior marriage, Kimberley Rice Kaestner and Daniel Spence Rice.

References
  1. nndb
  2. Clayton, Dubilier & Rice: Partners and Senior Advisors
  3. Bloomberg BusinessWeek: Joseph L. Rice III, J.D.
  4. Columbia Business School
  5. World Economic Forum Archived 2013-10-29 at the Wayback Machine
  6. Rice, a Private Equity Pioneer, to Step Down, The New York Times, April 26, 2012
  7. WEDDINGS/CELEBRATIONS; Christina Tatikian, Daniel Rice, The New York Times, June 06, 2004
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