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Global 500

Michael Fredette

317

Publix Super Markets

U.S.

For the past eight years, the 80-year old privately held super market chain based in Lakeland, Fla. has been on a slow growth trajectory under CEO Ed Crenshaw, who semi-retired in May 2016 but will continue as chairman. He hands the reins of the world’s largest employee-owned company over to Todd C. Jones, a lifelong Publix associate and the first non-family member to lead the company. Jones inherits a retail brand that is as loved by generations of faithful shoppers as it is by its 180,000 employees, who are also co-owners via a very healthy stock ownership plan. Jones will also oversee Publix’s further expansion as it plans to open stores in Virgina in 2017.

CEO

Todd Jones

Sector

Food & Drug Stores

Industry

Food and Drug Stores

HQ Location

Lakeland, FL

Employees

180,000

Years on Global 500 List

22

Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$32,6195.9%
Profits ($M)$1,96513.2%
Assets ($M)$16,359
Total Stockholder Equity ($M)$12,394
Profit Ratios
Profit as % of Revenues6.0%
Profits as % of Assets12.0%
Profits as % of Stockholder Equity15.9%