Follett Corporation

Laddie Follett ran the company's original business – Wilcox & Follett – from 1952 until 1986. When C. W. Follett died in 1952 at the age of 70, Dwight Follett succeeded his father as chairman. The company continued to grow and was renamed Follett Corporation in 1957,[4] which it is still known by today.

In the mid-1970s, Dwight began to prepare for his retirement and Dick Litzsinger, R. D. Follett's son-in-law, was elected president and chief executive officer. In 1979, Dwight retired and Robert J. R. Follett was named chairman. Follett Publishing sold its trade publications in 1979 to New Century Publishing; the remainder of Follett Publishing was sold to Esquire Inc.[5]

In 1994, Robert J. R. Follett retired and Dick Traut, R. D.'s son-in-law, was elected chairman. The following year, Loyola University Chicago named Follett Illinois Family Business of the Year.

Dick Litzsinger retired as president and chief executive officer in 1997, and Ken Hull was elected president. Ken was the first non-family member to be elected president of the corporation. In 1997, Follett also restructured its board of directors, adding three non-family members. That same year, it joined Internet Systems in forming Library Systems & Services, a joint venture that provides library management services to public, academic and corporate libraries across the country. In addition, Follett purchased Book Wholesalers (BWI) – a distributor of children's books to public libraries. In 1998, to strengthen the company's ability to meet the needs of its customers, Follett aligned its various business units under three market groups – Higher Education, Elementary and High Schools and Libraries.

Dick Traut retired as chairman in 1999, and Ken Hull became chairman and chief executive officer of the corporation. In addition, in 1999, Follett launched the www.efollett.com web site.[6]

In 2000, Christopher Traut was elected president and chief executive officer of Follett Corporation. Ken Hull remained as chairman of Follett Corporation. In addition, Follett's three core market groups were combined to form Follett Higher Education Group and Follett Library and School Group.[7][8][9] In April 2001, Ken Hull retired and Mark Litzsinger was elected chairman of Follett Corporation.

Following a rigorous analysis of the company's portfolio of business units, Follett merged Follett Media Distribution, which provided audio visual products to school and public libraries, into BWI in an effort to provide its library customers with one-stop shopping for all of their book and media needs. In addition, in June 2003, Follett sold its interest in Library Systems & Services (LSSI).

In 2010, Chris Traut retired. Charles R. (Chuck) Follett took over the company as president and CEO after holding a wide range of leadership roles during his 37 years with the company. That same year, Follett was ranked #155 in Forbes’ list of largest private companies.[10] In 2011, the Follett School and Library Group was created to serve the K–12 market under one business group. Strategic business decisions were made to move the focus of the school and library group into the K–12 classroom, and in 2011, certain assets of Follett's public library business, BWI, were sold.

In April 2011, Alison O’Hara was named chairman of the board. Prior to becoming chairman, she served as assistant general counsel of Follett and was a member of the company's board of directors for 11 years. Under O’Hara's direction, the board underwent another transformation by bringing in outside directors to lead Follett into the digital future. O'Hara died unexpectedly on July 20, 2013, from complications of breast cancer.[11]

In November 2012, Mary Lee Schneider was elected Follett's new president and CEO.[12] Schneider was an 11-year veteran on the Follett Board of Directors. Schneider came to Follett from Chicago-based RR Donnelley, where she had been president, and Digital Solutions and Chief Technology Officer.

In January 2014, Follett Corporation's board of directors named Todd Litzsinger as chairman of the board. Litzsinger succeeded Steve Waichler, who held the role on an interim basis following the passing of O'Hara in 2013. Litzsinger joined Follett in 1992, and served on the board from 2003. He held a series of leadership positions with the company, becoming President of Content Solutions and Services for Follett School Solutions, the company's preK–12 business.[13]

In March 2014, approximately 750 employees from the company's corporate office and its Chicago-area suburban operations in Oak Brook, Westmont, and River Grove relocated to Three Westbrook Corporate Center, a 160,000 square-foot tower in Westchester.[14] On April 1, 2014, Follett's PreK–12 businesses became one legal entity named Follett School Solutions, Inc.[15] This allowed the company to leverage the content and technology capabilities of its previously separate businesses: Follett Educational Services, Follett Library Resources and Follett Software Company.[16][17]

In the 2010s, the company focused on e-commerce,[18][19] and digital offerings and text rental,[20] in addition to its core areas of expertise. In 2013, Follett was described as a $2.7 billion, privately held company serving 70,000 early childhood, primary and secondary schools, and more than 1,000 college campuses.[21] It employed approximately 15,000 associates throughout the United States, Canada and other parts of the world.[22][23]

In 2013, Follett laid off 570 bookstore employees.[24]

In May 2015, Follett Corporation appointed Ray A. Griffith as president and CEO.[25] Griffith left in March 2018.[26]

In February 2022, Follett was acquired by an investment group.[27]

In early 2023, Helena B. Foulkes was appointed executive chairwoman of Follett Higher Education Group Inc.’s board of directors.[28]

In March 2023, Follett announced a realignment of bookstore labor, creating new roles across store leadership, and creating specialist teams to manage course materials and other key functions.[29]