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Charles Butt
built 214 days ago
Charles Butt (born about 1940) is a third-generation U.S. grocer who took over his family's San Antonio-based H-E-B supermarket chain in 1971. The privately held company now more than 300 stores and $11 billion in sales.
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Charles Butt is a native Texan and a member of the UT Health Science Center Development Board. “Each time I come into contact with the leadership of the health science center, I am energized by the optimism they express about conquering these diseases that have plagued Texans for so long and continue to be issues for our state today,” he said.
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Charles Butt has extensive international and North American experience in business management, marketing and sales in the healthcare industry. Prior to joining Forbes as Senior Vice President, Mr. Butt served as President of The Charson Group Inc., a healthcare consulting company, specializing in strategic planning and new product introductions, based in Toronto. Before moving into consulting, Mr. Butt headed up the Consumer Health Products Division for Lederle Laboratories (Canada), where he was responsible for the initiation and development of the Consumer Health Products Group. Mr. Butt has ... worked in a variety of marketing and sales roles at Shulton Inc. in Europe, Africa and the Middle East as well as Colgate-Palmolive (UK).
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Charles Butt - The richest San Antonian, Butt ranked 140th on Forbes 400 Richest Americans list in 2006 with a net worth of $2.2 billion. The H.E. Butt Grocery Co. (H-E-B) has more than 325 stores in Texas and Mexico. Butt inherited the company, which was originally founded in 1905 by his grandmother to support her sick husband. Butt is single with no children.
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Back in 1992, Charles Butt gazed out across his family's vast holdings in HEB markets, now 284 stores and $9 billion in annual sales, and he wanted something different. Perhaps he suspected that at least some of his customers were changing, even as their lives were changing. While they still valued convenience, speed and value, they ... wanted something harder to define: an encounter with food and beverage, a store that recognized all the excitement being generated by restaurant chefs, a store with a "what's old is new again" love affair with freshness, seasonality, regionalism and variety. Among other things, some customers clearly ached to play with their food.
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Charles ... hasn't decided on his successor. But when he does, it might not be a family member. Charles has never married and has no children. Howard Jr.'s two sons work in H-E-B management. Howard E. Butt III is vice president of H-E-B in Mexico. Stephen Butt runs the Central Market division.
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Charles Butt