Ed Crenshaw, the longtime CEO of Lakeland, Florida–based Publix Super Markets, announced plans to retire on April 30.
Crenshaw joined Publix in 1974 as a front-service clerk in Lake Wales, Florida, and worked his way through a variety of positions until becoming president in 1996. He was named CEO in 2008.
He will remain on the Publix board of directors and take the title of chairman on May 3. Current Chairman Charlie Jenkins Jr. will become Chairman Emeritus.
Upon Crenshaw's retirement, President Todd Jones will become president and CEO. Jones also began his career as a front-service clerk.
"I've been privileged to lead what could quite possibly be the best company in the world," said Crenshaw. "Company ownership provides our associates amazing opportunities and with that comes the responsibility to continue to grow our company and invest in each other. The time has come to turn over the reins, and I am pleased to have a leader with the experience of Todd who is ready to take the next step in his career. I am confident in his ability to lead our company into the future and to continue to make Publix a great place for both customers and associates."
Publix is consistently ranked as a favorite grocery destination in the markets it serves. Privately held and employee-owned, Publix isn't the low-cost leader but strives to combine best in class customer service with quality merchandise for a unique value offering. The chain's 1,113 stores are spread across six states in the U.S. Southeast. It posted $30.6 billion in sales in 2014.
-See this Publix press release
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