Christopher D. Traut

Chairman, FBN-North America Board of Directors

Christopher D. Traut is an experienced senior executive developing strategy and operating large service oriented businesses. Christopher’s most recent experience is as the President and CEO of Follett Corporation a $2.5 billion business serving the needs of the educational marketplace. Chris retired from Follett in 2010 after more than ten years as President and CEO and 21 years of service to the Corporation. During his tenure as CEO the corporation grew by over $1.3 billion in revenues at a compound annual growth rate of over 6.8% with compound annual operating profit growth in excess of 14.2% during the same period. The company was made up of eight operating companies ranging in size from $2 billion to $5 million. The vast majority of Follett’s revenues are generated in North America however Follett International provides products and services in over 25 countries. Its businesses employ over 10,000 associates, typically number one or two in the market niches they serve and are spread over specialty retail, distribution and software development.

Chris has extensive experience in family business with the Follett family having almost 250 members and Follett Corporation having almost 150 family shareholders in addition to almost 70 Associate Non-family shareholders aggregating to nearly 220 total shareholders.