Who We Are
Launched in 2003, Lateral Capital is the Early Stage investment business of former Pillsbury Company CEO and long-time Procter & Gamble executive, John Lilly. The first two Lateral Capital funds were all “personal money,” invested in parallel with other interested investors, including Tom Moore and Steve Gold. Lateral Capital III is a partnership with former P&G colleague Jeff Ansell. Lateral Capital IV, V and VI are structured as a Limited Partnership with 45 senior business executives.
General Partner: John Lilly
Former P&G executive/ Pillsbury CEO
John Lilly has an extensive background in business management, having built more than 50 branded businesses in 25 countries over 27 years; as an executive at Procter & Gamble and then as the CEO of The Pillsbury Company. John began his career at P&G in 1976 and was responsible at one time or another for almost all of Procter’s laundry, paper, food and beverage brands. This culminated in a six year assignment as Regional Vice President in Frankfurt, Germany, where John had managerial scope for the paper and beverage businesses in P&G’s Europe, Middle East and Africa Division. His experience base includes responsibility for Pampers®, Pringles®, Punica®, Cheer®, Always®, Folgers®, Gain®, Duncan Hines®, Sunny Delight® and Dawn®.
Lateral Capital LP and Managing Director
Co-Founder/General Manger, One Page Solutions, LLC
Vice Chair, Needham & Company
Former CFO of Northwest Airlines, General Mills and Unilever, NV / Former CEO of Rothschild North America
Retired Chairman, Wells Fargo Minnesota
Minneapolis, MN / Naples, FL
Retired Owner, Crown Iron Works
Senior Advisor at Vestar / Executive COB of IRI Worldwide / Former CEO, Pinnacle Foods and Sun Products
CEO, Penford Corporation / Former Managing Director, Chiquita Brands Int'l
Retired President, CEO and Chairman, The Procter & Gamble Company / Former COB, The Walt Disney Company
Former President, P&G Health Care / CEO of multiple Early Stage companies
Founder of Novus Marketing (currently Omnicom) / Restauranteur
Former General Counsel, Tropicana Products, Inc.
Longboat Key, FL
Cathy James Paglia
Director, Enterprise Asset Management, Inc.
Retired President Global Corporate & Investment Banking, Bank of America
San Francisco, CA
Co-Chair of Global Mergers and Acquisitions, Goldman Sachs Group
New York, NY
Investor/Entrepreneur / Mediocre Fisherman
Ponte Vedra Beach, FL
Executive Vice President/COO, Standard Oil
President and CEO, Startec Investments Long-time Early-Stage Investor
Principal, Woodfield Development
Isle of Palms, SC
Board Chairman, Second Heart Homes, Inc.
President, Michael Saunders & Company
Bainbridge Island, WA
Multi-Company CEO, Health Care Biologics
Board Member, Beall's Inc.