Publix Markets has revealed that Charlie Jenkins Jr. CEO of the company, will be retiring on March 29, 2008 after 40 years of service.
Jenkins began his career in 1969 as the assistant to the vice president of real estate. In 1974, he became vice president of real estate and was elected to serve on the board of directors. He was promoted to executive vice president in 1988. Jenkins became chairman of the executive committee in 1990 and chief operating officer in 2000. He was named CEO in 2001.
While he has announced his plans for retirement as CEO, Jenkins plans to remain a member of the Publix board of directors. In addition, the board of directors asked him to accept the role of Chairman of the Board that will be effective March 30, 2008. Current chairman of the board Howard Jenkins will become chairman of the executive committee.
“The board of directors is pleased that Charlie has agreed to accept this position, and we look forward to working with him to continue the success of Publix,” said Howard Jenkins, Publix chairman of the board.
Upon Jenkins’ retirement, President Ed Crenshaw will become CEO. Todd Jones, senior vice president – product business development will become president. Crenshaw began his Publix career in 1974 as a front-service clerk in Lake Wales, Fla.
“We are pleased to have leaders with the experience of Ed and Todd who are ready to take the next steps in their careers,” said Jenkins. “I’m confident they will be successful in continuing Publix’s success.”