Haymarket Center

John M. Butler, Retiring Board Member named Emeritus Board Member

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The mission of Haymarket Center is to aid people with substance use disorders in their recovery by providing comprehensive behavioral health solutions.


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EMERITUS BOARD MEMBER

JOHN M. BUTLER 



John M. Butler was born in Brooklyn, New York and received Bachelor’s and Master’s degrees from St. John’s University in New York and New York University respectively.  He was the Chief Financial and Accounting Officer of the Chicago and Northwestern Railroad for 21 years including the period during which management negotiated and executed the acquisition of the railroad by its employees.  He executed or directed a wide variety of debt and equity financings aggregating over $2 billion.  In addition, he was actively involved in tax matters and the management of accounting operations, including cost reductions.  He was a director and member of the Executive Committee of the board for 11 years.  He held the same positions at the railroad’s holding company.  Mr. Butler is a Certified Public Accountant with 14 years of earlier and highly diversified accounting experience.  This included 4 years as Controller of Dictaphone Corporation, which had 3 manufacturing plants, and a company operated network of 240 sales and service branches, 4 years with ITT Corporation and 4 years with a Big Four national CPA firm.  Prior to that, he served 2 years in the U.S. Coast Guard, principally as a junior officer in the Philippines.  He has been on the board of Haymarket Center its predecessor McDermott Foundation since 1990.

 

 

 

A key factor in the success of Haymarket was the working team.  Working with Monsignor McDermott, Jack Whalen, along with many others was a man that brought in a priceless resource: not just money, but a man with sophisticated experience in finance.  It began when Monsignor McDermott told Mr. Whalen simply, “A man has called who wants to give money.  I’d like you to talk to him.”  He was John Butler, a recently retired top financial officer with the Chicago Northwestern railroad.  Whalen visited with Butler, who had been donating $2,000 here and $5,000 there.  Butler was looking for a cause to give more money to.  Whalen took him on a tour of the ravaged Haymarket House, pointing out what it could ultimately be.  Butler joined the board and became Chief Financial Officer of McDermott Foundation, volunteering his time and ruling on important financial decisions (source: Father Mac, written by Tom Roeser).

 

 

 

Since he joined the board of Haymarket Center, Mr. Butler has served as an unpaid Vice President and Chairman of the Finance Committee.  He was instrumental in acquiring land and buildings for the Center.  One of his accomplishments was to renegotiate the bank loan for Haymarket properties.  His efforts saved tens of thousands of dollars of interest payments.  These are but a few of the many contributions that Mr. Butler has been involved in.  We are grateful to his family for allowing him to be an intricate part of the history of Haymarket Center.

 

 

 

Finally, we say thanks to John for all the good work he has done for the people we are privileged to serve.  As a last request, Haymarket Center would be honored for John to accept the honorary title of Emeritus Board Member recognizing the quantity and quality of your distinguished service and passion for the mission and vision set forth by our founder Monsignor Ignatius McDermott.  Your commitment serves as an example of a person who truly wants to do God’s work.



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