Miami MBA Alumnus Matthew Rubel Helps Payless Become One of “The World’s 50 Most Innovative Companies”
February 27, 2008
Matthew Rubel (MBA ’80), president and CEO of Payless ShoeSource Inc., is credited with earning Payless a spot on Fast Company magazine’s list of “The World’s 50 Most Innovative Companies.” In its March 2008 issue, the magazine says “Rubel has injected a fashion sensibility into every arm of the Topeka, Kansas-based company.”
Rubel took the top job at Payless in 2005 after serving as chairman and CEO of Cole Haan, a wholly-owned subsidiary of Nike. Fast Company notes that Rubel has since attracted up-and-coming designers to turn out new shoe and handbag lines, as well as improved the look of Payless stores to lure many women who had not previously shopped there. The magazine also points out that under Rubel’s leadership, Payless nearly doubled its earnings in 2006.
After earning his MBA from Miami School of Business Administration, Rubel began working at Bonwit Teller. He moved up steadily in the apparel industry, becoming president of a specialty division of Revlon, president and CEO of Pepe Jeans USA, and executive vice president of the J. Crew Group.
Rubel returned to the School of Business February 15 to speak to undergraduate students about marketing, his position at Payless and his career in general.