Jeff Webb (entrepreneur) explained

Jeff Webb
Alma Mater:University of Oklahoma
Occupation:Entrepreneur
Years Active:1974-present
Known For:Founder of Universal Cheerleading Association and Varsity Brands
Website:Varsity website

Jeff Webb is an American entrepreneur and business executive primarily focused on the development of cheerleading. He is the founder of the Universal Cheerleading Association (UCA) and Varsity Spirit (along with its parent, Varsity Brands). He is the founder and current president of the International Cheer Union (ICU), the world governing body of the sport of cheerleading, as well as founder and chairman of The New American Populist.[1]

Education

Webb attended the University of Oklahoma where he was a yell leader for the school's cheer squad.[2] During college, Webb worked for the National Cheerleaders Association which was founded by Lawrence Herkimer.[3] [4] He planned to go to law school but instead accepted an offer to work at the National Cheerleaders Association (NCA), which launched his business career.[5]

Career

In 1971, Webb began working full-time for Lawrence Herkimer's NCA. He went on to found the Universal Cheerleading Association (UCA) and Varsity Spirit in 1974 and would later purchase the NCA after Herkimer retired.[3] [4] Like the NCA, the UCA began as a series of training camps and clinics for high school and college cheerleaders that eventually added cheerleading competitions.[3] Varsity Fashions is a cheer apparel and accessory brand.[6]

In 2012, Varsity merged with Herff Jones, an Indianapolis company that produces items like graduation apparel and class rings. Webb would serve as president and CEO of the company effective July 1, 2013. Webb's company had already become known as Varsity Brands. Along with Herff Jones, the company also oversees BSN Sports (which it acquired in 2013), Varsity Spirit, the UCA, and the NCA.[3] [4] [7] [8]

In 2014, Webb became the Chairman of Herff Jones.[8] In 2016, he stepped down as CEO of Varsity Brands. Bain Capital Private Equity bought Varsity Brands for $2.8 billion in 2018. Varsity Brands' annual revenues exceed $1.8 billion, according to the company. It has more than 8,000 full-time employees.[5] In December 31, 2020 he stepped down as chairman of Varsity to focus on international expansion of cheerleading through the ICU, but still provided consultative services to Varsity. [9]

Webb is often credited with modernizing cheerleading by making it more competitive, bringing it to the mainstream audience with partnerships with ESPN, favoring more acrobatics and athleticism, and creating new outfit designs (among other things).[10] [3] He is the founder and current president of the International Cheer Union, the world governing body of the sport of cheerleading.[11] [12] He is also recognized as one of the leaders in the sport who has pushed for international recognition, including adding it as an Olympic sport,[13] even though he testified in 2010, that he never imagined that his competitions would establish a new sport; rather, he understood them as a publicity vehicle for his startup business. Webb has been criticized due to the monopolistic behavior of Varsity in the cheerleading space. [14] [15]

External links

Notes and References

  1. News: Frost . Mikenzie . Squash Amash rally: "If Trump were here, he would say, Amash - you're fired!" . 24 June 2019 . WWMT West Michigan . 15 June 2019.
  2. News: Barnett. JA. Cheerleading in the Olympics and more with Varsity Brands founder Jeff Webb . . 12 January 2016. 3 July 2017.
  3. News: Branch. John. Shaking Pompoms for the Grandfather of Modern Cheerleading. The New York Times. 14 March 2009. 3 July 2017.
  4. News: The Battle for the Cheerleading-Uniform Industry Is Surprisingly Cutthroat and Appropriately Glittery. Buchanan. Leigh. 22 February 2016. 3 July 2017. Slate.
  5. News: Mink . Michael . Varsity Brands' Jeff Webb Rebranded Cheerleading With Focus On Athleticism, Entertainment . Investor's Business Daily . 25 January 2019.
  6. News: Sherman. Elisabeth. The Evolution of the Cheerleading Uniform, From Bulky Sweaters to Crop Tops . . 4 May 2017. 3 July 2017.
  7. News: McLaughlin. Kathleen. Cheerleading CEO to become chief at Herff Jones . . 11 December 2012. 3 July 2017.
  8. News: Sheffield. Michael. Varsity CEO named chairman of Herff Jones . . 10 June 2014. 3 July 2017.
  9. News: Davis . Corey . December 15, 2020 . Jeff Webb to vacate role at Varsity Spirit, focus on global expansion of cheerleading . live . https://web.archive.org/web/20201229183528/https://www.bizjournals.com/memphis/news/2020/12/15/jeff-webb-to-vacate-role-at-varsity-spirit.html . 29 December 2020 . 26 April 2024 . American City Business Journals.
  10. News: The Birth of Modern Cheerleading. Roberts. MB. 11 September 2013. 3 July 2017. American Profile.
  11. News: Mather. Victor. Great Moments in Cheerleading: Could the Olympics Be Next?. The New York Times. 8 December 2016. 3 July 2017.
  12. News: Hendricks. Maggie. Behind the scenes as cheerleading works to prove it should be an Olympic sport . . 29 May 2017. 3 July 2017.
  13. News: Hendricks . Maggie . Behind the scenes as cheerleading works to prove it should be an Olympic sport . USA Today . 29 May 2017.
  14. News: Stoller . Matt . This is Not a Democracy, It's a Cheerocracy: The Cheerleading Monopoly Varsity Brands . The BIG Newsletter . 14 Jan 2020.
  15. News: Libit . Daniel . A Tangled Jeff Webb Weaves Cheerleading’s Olympic Dreams. Sportico . 21 Sep 2021.