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Peter R. Scanlon

david r scanlon florida, john r scanlon
Peter Redmond Scanlon February 13, 1931 – December 3, 2009 was the chairman and chief executive officer of Coopers & Lybrand, one of the Big Eight auditors, from 1982 to 1991 At a time when other accounting firms were merging, Scanlon kept Coopers & Lybrand independent and grew it through expansion rather than mergers

Biography

Peter Redmond Scanlon was born on February 13, 1931 in the Bronx, the son of Loretta Ryan and John Scanlon Jr, who owned an insurance company, but who died when Scanlon was only 9 After high school, Scanlon attended Iona College, receiving a bachelor's degree in accounting in 1952

Upon graduation, Scanlon took a job at Lybrand, Ross Brothers & Montgomery which would later merge with Cooper Brothers & Co in 1957 to form Coopers & Lybrand He served in the United States Navy during the Korean War, returning to the firm when he had completed his four years of service He was elected as a partner in 1966, and then rose through the ranks throughout the 1970s, serving as managing partner of the New York office, managing partner for the New York region, and vice-chairman of domestic operations

In 1982, Scanlon was elected as chairman and CEO of Coopers & Lybrand for the first of three terms Scanlon was criticized in some quarters because of his refusal to participate in the "mergers mania" of the 1980s However, Coopers & Lybrand were able to take advantage of the mergers going on in the industry to attract international affiliates who had grown disaffected with their parent firms Scanlon's tenure as chairman and CEO was one of growth and profitability for Coopers & Lybrand Scanlon brought in several new clients, most notably SmithKline Beckman and Unilever In 1991, his last year at the firm, Coopers & Lybrand earned $261 million in profits on $15 billion in revenue

Scanlon's involvement in the community included serving as a trustee for Iona College, The Economic Club of New York, The Catholic University of America, and the Gregorian University He also served on the visiting committees of the MIT Sloan School of Management and The Conference Board He was a Knight of Malta and a Knight of the Holy Sepulchre He received several honors from his alma mater, Iona College, including an honorary LLD

In 1991, Scanlon retired and settled in Florida He died of cancer on December 3, 2009 in Jupiter, Florida

References

  1. ^ a b c d e f g h i j k Dennis Hevesi, "Peter R Scanlon, Who Led Coopers When Big 8 Ruled Auditing, Is Dead at 78", The New York Times, Dec 10, 2009
  2. ^ a b c d e f g h "Peter R Scanlon, 78, father of Darien residents was CEO, Navy veteran", Darien Times, Dec 8, 2009

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