Joseph Peter Grace Sr.
Joseph P. Grace Sr. | |
---|---|
Born | Great Neck, New York, United States | June 9, 1872
Died | July 15, 1950 Great Neck, New York, United States | (aged 78)
Education | Columbia University |
Occupation(s) | Businessman, philanthropist |
Political party | Republican |
Board member of | W. R. Grace and Company, Grace Shipping Company, Grace National Bank |
Spouse |
Janet MacDonald
(m. 1908; died 1937) |
Children | 3, including Peter and Michael |
Parent | William Russell Grace & Lillius Gilchrist |
Joseph Peter Grace Sr. (June 9, 1872 – July 15, 1950) was an American businessman, polo player, and owner of Thoroughbred horses in the sport of steeplechase racing.[1] He was the president of W.R. Grace and Company from 1907-1946.
Early life and career
Grace was born on June 9, 1872, in Great Neck, New York. He was the son of businessman and two time mayor of New York City, William Russell Grace.[1]
Grace graduated from Columbia University.[1]
A
A devout Roman Catholic, Joseph Grace was a member of the international organization the Sovereign Military Order of Malta, a Catholic organization that aids the sick and poor through the establishment of hospitals and clinics around the world. He also served as president of Grace Institute, a charity created in 1897 by his father and his uncle, Michael Grace, that provided tuition-free education and training in business and administrative skills to economically disadvantaged women.[1]
Career
On the death of his father, William R. Grace in 1904, Edward Eyre, the
The W. R. Grace company's business centered on operations in
In 1945, Grace suffered a debilitating stroke and in 1946 both he and D. Stewart Iglehart retired. His son, Joseph Peter Grace Jr., took over management of the company.[5]
Personal life
In 1908, he married Janet MacDonald, the daughter of
- Nora Grace (1910–1935)
- Joseph Peter Grace Jr. (1913–1995), who married Margaret Fennelly in 1941 and became the longest serving CEO of a public company as CEO of W.R. Grace.[7]
- Michael Paul Grace II (1917-1995)
- Janet Maureen Grace (1925-2006)
- Charles MacDonald Grace (1926-2013)
His wife died on December 31, 1937, at age fifty-three. Joseph Grace died of a stroke at his home in Great Neck, New York on July 15, 1950.[1]
References
- ^ a b c d e f g "J.P. GRACE SR.DEAD; HEADED SHIP LINES; Roman Catholic Lay Leader, Philanthropist, Was Long III --In Retirement 4 Years Lay Leader and Philanthropist Opened Pioneer Air Line Philanthropic Activities" (PDF). The New York Times. July 15, 1950. Retrieved 27 June 2018.
- ^ "NEW HOTEL AND NORTH SHORE STATE HIGHWAY GREAT AIDS IN LONG ISLAND DEVELOPMENT | No Boom, but Progressive Activity in Great Neck, Plandome, and Lakeville Districts--Restricted Largely to Small Acreage Plots, with Houses Ranging from $10,000 to $25,000--Kensington Contrasts in Two Years--Joseph P. Grace Erecting Colonial Home on Old Paget Progerty--New Tracts Nearby Opening for Improvement" (PDF). The New York Times. April 2, 1911. Retrieved 27 June 2018.
- ^ "WESTBURY SOCIETY AT HUNTERS' RACE Joseph P. Grace's Horses Win Both Cups in Point-to-Point Contest" (PDF). The New York Times. November 27, 1908. Retrieved 27 June 2018.
- ^ "J.P. GRACE SUCCEEDS EYRE AS CHAIRMAN; His Post as President of W.R. Grace & Co., Held Since 1907, Taken by D.S. Iglehart. POLICIES TO BE UNCHANGED New Executive Has Been With the Organization Since 1894--Once Manager in Chile and Peru" (PDF). The New York Times. May 11, 1929. Retrieved 27 June 2018.
- ^ "Chairman, President of W.R.Grace Retire After 51 Years' Service" (PDF). The New York Times. May 11, 1946. Retrieved 27 June 2018.
- ^ "MISS MACDONALD A BRIDE. She is Wedded to Joseph P. Grace at Westbury, L.I." (PDF). The New York Times. August 2, 1908. Retrieved 27 June 2018.
- ^ Gilpin, Kenneth N. (April 21, 1995). "J. Peter Grace, Ex-Company Chief, Dies at 81". The New York Times. Retrieved 27 June 2018.