College of Business Alumnus Lance Mitchell ’81 Rings NASDAQ Opening Bell Launching first IPO of 2020
Written by Bailey Smith, Communications Intern
Lance Mitchell ’81, CEO of Reynolds Consumer Products, rang the NASDAQ opening bell on February 4th, celebrating the first initial public offering (IPO) of 2020. Reynolds Consumer Products raised over $1 billion, at $26 a share.
Reynolds has a presence in 95 percent of households across the United States with millions of Americans using Reynolds Consumer Products daily. The products include Reynolds Wrap® aluminum foil, Hefty® waste bags, Reynolds Kitchens® parchment paper, plastic wrap and more. Reynolds Consumer Products can be found on NASDAQ under the ticker symbol ‘REYN’.
Mitchell received his Bachelor of Science in Business Administration from the Bowling Green State University College of Business with a specialization in Selling and Sales Management. BGSU provided a solid foundation for Mitchell’s success. Mitchell attributes the successful IPO to company culture, “I'm proud of our culture: safety first. A culture of ethics and a culture of innovation... 21% of our revenue is from products less than three years old. And most importantly, our teamwork.”
Raymond Braun, Dean of the College of Business, remarked: “We are very proud of Lance’s professional success! Lance is a loyal alumnus and has served as a keynote speaker for the College Sales Competition. He is a tremendous role model for our students.”