# George Schaeffer

> George W. Schaeffer is the co-founder, president and CEO of People’s Trust Insurance Company and the founder of OPI Products. Born in Hungary, he immigrated to the United States in 1956, worked in his family’s New York garment business and moved to Los Angeles in 1981, where a dental supply operation became a salon-products company. He co-founded People’s Trust in 2008 and became its chief executive in 2014. His philanthropic work with Irina Schaeffer includes employee education programs, cultural projects and access to Holocaust survivor testimony.

- **Role:** Co-Founder, President & CEO at People’s Trust Insurance Company
- **Organizations:** People’s Trust Insurance Company, OPI Products, Aloxxi International Corporation, George and Irina Schaeffer Foundation, Bnai Zion Foundation, Personal Care Products Council
- **Education:** The City College of New York
- **Known for:** Built OPI from a dental supply business into an international salon-products brand with Suzi Weiss-Fischmann., Co-founded People’s Trust Insurance in 2008; the company received the 2013 Enterprise Florida Governor’s Innovators in Business Award., Received the 2013 Senate Medal from Eötvös Loránd University.

## Career timeline

- **1956** — Immigrated to the United States from Hungary with his family.
- **1970** — Graduated from City College of New York and joined the family garment business.
- **1981** — Moved to Los Angeles and purchased the dental supply business that became OPI.
- **2008** — Co-founded People’s Trust Insurance Company with Michael Gold.
- **2009** — Created the George and Irina Schaeffer Foundation.
- **2010** — Coty announced the acquisition of OPI; transaction terms were not publicly disclosed.
- **2013** — Received Eötvös Loránd University’s Senate Medal for supporting access to the Visual History Archive.
- **2014** — Assumed the chief executive role at People’s Trust Insurance.
- **2024** — Honored at Florida Atlantic University’s 30th Business Leader of the Year ceremony.

## Achievements

- Built OPI from a dental supply business into an international salon-products brand with Suzi Weiss-Fischmann.
- Co-founded People’s Trust Insurance in 2008; the company received the 2013 Enterprise Florida Governor’s Innovators in Business Award.
- Received the 2013 Senate Medal from Eötvös Loránd University.
- Honored by Florida Atlantic University’s College of Business at its 30th Business Leader of the Year ceremony in May 2024.
- Funded three years of Visual History Archive access at Eötvös Loránd University.

## Latest updates

- **2026-01** — The Personal Care Products Council’s 2026 sponsorship prospectus lists him on its 2025-2026 board representing Aloxxi International Corporation.
- **2025-02** — Florida Atlantic committee minutes record a $300,000 foundation gift and approval to recommend naming the George and Irina Schaeffer Dimensions in Testimony Exhibit.
- **2024-07** — Presented 11 laptop, mouse and printer packages to employees’ children; People’s Trust announced eligible scholarships of up to $1,800 per school year for 2025/2026.
- **2024-05** — Florida Atlantic celebrated him as its 30th Business Leader of the Year at Boca West Country Club.

## Links

- Website: https://www.georgeschaeffer.com/
- LinkedIn: https://www.linkedin.com/in/george-schaeffer-pti

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Profile page: https://yespress.io/george-schaeffer
Published by YesPress — https://yespress.io
Last updated: 2026-10-14