Phoenixville Man – Esteemed Philanthropist and Founder of Wayne-Based Signal Holdings – Dies at 67

By

Thomas K. Cloetingh

Thomas K. Cloetingh, an entrepreneur and philanthropist, has died at his Phoenixville home at the age of 67, writes Bonnie Cook for The Philadelphia Inquirer.

Born in Grand Rapids, Mich., Cloetingh was raised in the Philadelphia suburbs. After graduating from Lower Merion High School in 1971, he earned a bachelor’s degree from George Washington University in 1975. Then two years later, he earned an MBA from Drexel.

In 1984, he co-founded Wayne-based Signal Holdings, where he served as CEO. His brother Stephen served as an executive vice president.

The brothers built the company into a business with annual revenue of around $330 million and 700 employees. They sold it in 2008 to Assurant, and Cloetingh retired 18 months later.

Through his philanthropic work in the fields of education, health, and the environment, Cloetingh supported many local organizations, including Philabundance, Lewy body research at Penn Medicine Memory Center, and refurbishing the Colonial Theater in Phoenixville.

“He was dedicated to creating healthy, inclusive, and just communities where individuals have the resources to overcome challenges, achieve their goals, and live meaningful lives,” said his family.

Read more about Thomas Cloetingh in The Philadelphia Inquirer here.

You Might Also Like

Actor Who Brought Grand Characters to Life at People’s Light in Malvern Dies at 65

Co-Founder of Wharton Esherick Museum in Malvern Dies at 96

Longtime Philanthropist Who Grew Up in Coatesville Dies at 87

Connect With Your Community

Subscribe to stay informed!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
Advertisement
Creative Capital logo