In the fall of 2005, Robert W. Schult co-founded VMG Equity Partners, a new San Francisco-based equity partner firm. VMG invests in marketing-driven, branded consumer product companies in the middle market. VMG provides operations and marketing expertise that is specific and tested for high-growth, highly-branded companies.
In 2001, the Shansby Group (TSG), a leading private equity investment firm specializing in acquiring consumer-branded products and companies, appointed Schult, former president and chief operating officer of Nestlé USA, to chairman and CEO of the TSG Food Group. The Food Group consists of Mauna Loa, famed manufacturer of macadamia nuts and related products, and Don Miguel Mexican Foods, a recent investment by the Shansby Group and a major manufacturer and marketer of refrigerated and frozen Mexican food products.
Schult has more than three decades of experience in the food industry, starting in 1972 with the Carnation Company, which was subsequently acquired by Nestlé. He was senior vice president at Carnation, responsible for two of its most profitable operating divisions. Schult was with Nestlé for 14 years, serving as president of the Nestlé Food Company. He then served four years as president and chief operating officer of Nestlé USA.
Most recently, he was chairman, president and chief executive officer of Novopoint Technology, founded by Crosspoint Venture Partners, and Cargill, one of the world’s largest privately owned companies to utilize proprietary software on the Internet to reduce supply chain cost. Novopoint was sold to OMI, a software company in mid- 2002. Among his various board positions, Schult was a director of the Times Mirror Company until its acquisition by the Tribune Company, and was chairman of the Grocery Manufacturers of America’s Industry Productivity Council. He has been active in United Way campaigns.
Schult received his bachelor of arts degree from the University of North Carolina.