Kenneth Tuchman’s profile picture

Kenneth Tuchman

Kenneth Tuchman’s profile picture
Net worth 2018: $1.57 Billion
Industry: Service
Residence: Denver, Colorado
Country: United States
BirthDay: 1959
Children: 2

Kenneth Tuchman was bornon 1959 in Denver, Colorado, United States. Kenneth Tuchman is #1509 in List Billionaires People In The World. Kenneth Tuchman is the chairman and CEO of call center outsourcing giant TeleTech. Tuchman's personal frustration with the difficulties businesses faced when trying to interact with customers led him to found the company in 1982. The company went public in 1996. Tuchman got into business at a young age. He got his first job at 12 working at a bike shop. Three years later, he started a small venture selling puka shell necklaces to friends. Before long, he was the one of the largest shell importers from the Philippines and was selling millions of necklaces to department stores. "That was really my first look into what it's like to have a start-up business take off into high gear very quickly," Tuchman told FORBES. Tuchman studied architecture at a junior college and had planned to transfer to UCLA. Instead, he dropped out of college to pursue a variety of business ventures before starting TeleTech. Today, the company has 44,000 employees and operates in 80 countries.


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On January 9, 2018, TeleTech officially changed its name to TTEC


TeleTech has continued to expand and as of 2013, it had operations in 14 countries


In 2011, his wife was appointed the director of the National Jewish Center for Learning and Leadership (CLAL)


In 1999, he left the company after a disagreement with the Board over strategy but returned in 2001 after the company went through difficulties, the result of too much debt and the dot-com crash


In 1995, Sam Zell purchased a 17% stake in the company and in 1996, Teletech completed its IPO


In 1992, it had $6 million in revenue which grew to $50 million in 1995 and he relocated the company to centrally located Denver


In 1986, he moved the company to Sherman Oaks, California


In 1984, after the conglomerate AT&T was broken up, TeleTech was hired to monitor AT&T’s transactions with customers who were switching carriers which led to business with two of the resulting phone companies, MCI, Inc


In 1982, he founded Teletech in an old nursery school near Los Angeles allowing businesses to outsource their customer service requirements


In the 1980s, Tuchman worked for his father's luxury-home construction business in California


Tuchman (born 1959) is an American businessman and founder of global outsourcing company TeleTech

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