2010 Hall of Fame: Pat Lavelle, Audiovox CEO & President
Years ago, when Pat Lavelle was coming up in the insurance industry, he asked one of company's best salesmen for the secret to being in the right place at the right time. "You just have to be in a lot of places," he answered.
Lavelle, who was named Audiovox CEO in 2005, took the lesson to heart, leading the company into many different places, greatly expanding its markets. The shear number of acquisitions and moves Audiovox has made under Lavelle's leadership or that he helped orchestrate during his tenure would make the heads of most executives swim. Some of the most important acquisitions include: Technuity, owner of the Energizer brand; Thomson America's CE and A/V business outside of Europe, including worldwide rights to RCA's CE and A/V lines; Incaar, a Europe-based manufacturer of in-car multimedia systems; Oehlback Kabel, a high-end accessories company in Europe; Terk Technologies, a manufacturer of antennas; and the Jensen, Advent and Acoustic Research brands from Recoton. That doesn't include the hundreds of successful licensing agreements and product launches Lavelle has helped execute during his 33-year career with the company.
Audiovox's John Shalam sums up Lavelle's skills in a few short sentences. "He has a keen sense of finding the right opportunity. He's very good at executing and knows how to make things happen," said the company's founder and chairman.