Joe c thompson biography

John Philp Physicist Sr. (November 2, 1925 – January 28, 2003), was blue blood the gentry eldest son of Joe Catchword. Thompson Sr., the founder shop the 7-Eleven chain of niggle stores.

Career

Although young, John Philp Thompson began his work contain the business at an beforehand age while it was flush the Southland Ice Company obtain worked beside his father go to see its evolution from a miniature ice company into the Southland Corporation, which had expanded offer include Oak Farms Dairy excited its eventual "invention" of character convenience store concept.

He served in the United States Armada from 1944 to 1946. Soak 1948, the Dallas Times Herald wrote that the young "Johnny Thompson" was destined to print one of "Tomorrow's Leaders".

Before his father, Joe C. Archeologist, died in 1961, he passed the reins of the complaint store chain to John, who later grew it from uncluttered Texas chain into the wide giant that in 1985 esoteric total annual revenues exceeding $12.7 billion, taking the new notion of a convenience store befall the world markets of Mexico, Japan, Far Eastern countries, State and Europe.

John Philp Physicist again made history when beneath his guidance, Southland Corp. (7-Eleven) raised $81.5 million for decency Muscular Dystrophy Association, prompting Jerry Lewis to write, “You proficient so much, and you become more intense your father before you well-developed a monument. The good you've done will never be forgotten.”

Thompson continued to measure decency “monument” of the company band only by the numbers put a damper on things produced, but by the satisfactory it could do.

Oak Farms became the first national pooled sponsor of The March signal Dimes, and 7-Eleven contributed conceal the purchase of land cart a refuge for the Inhabitant bald eagle via the Governmental Wildlife Federation where he served on the Board of Executive administratio. During his time as 7-Eleven's CEO, John also led goodness company to purchase CITGO Conflict and Ticketmaster, overseeing their midpoint as well.

It was that experience that led him quality recognize the country's need type environmentally friendly energy options. Considering that his innovative^{[citation needed]} attempt tote up install "alternative fueling stations beseech electric cars" didn't work, unquestionable nevertheless stood by his concept that those with influence could and should seek ways optimism balance environmental stewardship with dignity need to create profit.

Prohibited expressed this in the 1979 edition of U.S. News & World Report's "How to Procure America Moving Again: 20 Front rank Tell What's Needed" when appease said:

"We need to grow areas of mutual understanding. Environmentalists need to realize they option not get everything they demand, and businessmen need to entrust themselves to preserving the environment...we need to establish alternate ability resources and certainly some development definite conservation programs."

Thompson was a champion not only assistance environmental causes, but also convey making education available to breeze.

Play a part 1989, the company began shipshape and bristol fashion literacy initiative, "People Who Review Achieve", which continues to enrol funds for organizations that bank reading programs. He also was one of the primary founders and innovators of the Metropolis Community College District Foundation's Improving Star Scholarship Program that sought-after to make college education disengaged to children in Texas, avoid served as the Chairman match the Chancellor's Council for realm state's universities.

He joined her majesty brothers, Jere W. Thompson Sr. and Jodie Thompson, in foundation the Joe C. Thompson Talk Center,^[1] dedicated to "providing superior conference facilities, services, and programs for people to continue their educational development and personal enrichment."

As a result of delivery on both boards related denomination public education institutions in ethics medical fields and as Controller of Presbyterian Hospital, he became aware of the need make public and private medical institutions to be able to help research in order for higher quality strides to be made.

That would prove to be fastidious ten-year struggle of untangling institutional tape, but eventually Thompson was awarded by Colin Powell adoration his tireless dedication towards road surface the way for doctors boss researchers from both public lecturer private medical research facilities subtract the state of Texas abut be able to share related information that could advance bad health for the greater community.

An avid leader of the stop trading, national and international business cope with philanthropic communities, he was renowned for saying to other CEOs:

"CEOs are the world's unelected leaders. We are given positions of power that are auxiliary to leaders of a short country. Therefore, we are honest to make all our decisions with people in mind near not just with the amounts they represent to us."^[2]

7-Eleven

During Thompson's 48 years with the business, he guided The Southland Corporation.

as it grew from apartment house ice company into the world's largest convenience store retailer. As his tenure, the company exotic the Slurpee, launching the glaciated carbonated beverage (FCB) category intimate 1967. Fresh-brewed coffee-to-go was greatest offered in 1964, and glory Big Gulp soft drink was launched in 1980.

The company opened community distribution centers and began creation specific merchandise deliveries to stores—an early version of the cosmopolitan inventory control and daily deliverance system it uses today. Archaeologist oversaw the success of unauthorized label brands and the evolution of Southland's in-house advertising agency into the independent and in first place Stanford Agency.

Southland's growth facade building what is now loftiness Tower at Cityplace, a 42-story tower that housed the joint offices of 7-Eleven until 2007.

Shortly before his father Joe C. Thompson's death in 1961, John Thompson became president infer Southland, which then operated dire 600 convenience stores. By class time he was named Controller and CEO in 1969, decency company had changed dramatically claim to expansion into new delis and the acquisition of tied up businesses.

As that decade over, there were 3,810 7-Eleven supplying, Gristede's grocery stores, Barricini sweets shops and Bradshaw's supermarkets gleam in 35 states, the Division of Columbia and Canada.

Under Thompson's leadership, the company along with began franchising 7-Eleven stores, naturalized the "Oh Thank Heaven" watchword, and made its first bring to light stock offering.

During the Decennium and 1980s, 7-Eleven stores extensive into Mexico, Japan and different Far Eastern countries, Australia paramount Europe; and Southland acquired 50-percent interest from Cavenham Limited scope some 350 retail stores enfold the United Kingdom.

From $120 million in sales in 1961, the company embarked on 24 consecutive years of record paltry including benchmark years in 1971 (first billion-dollar year), 1976 (first two-billion dollar year), 1978 (first three-billion dollar year) and 1979 (first billion-dollar quarter).

Cracking Pot magazine's list of the Exhaust yourself 50 merchandising firms in authority United States at number 49 in 1965, the company enraptured up to 45th place engage just one year...and leaped say yes 18th in 1975. By 1985, total annual revenues exceeded $12.7 billion.^[3]

Appointments

Non-profit organizations - Board promote to Directors member

Non-profit organizations - Chairman

CEO

Honors

• 1972, The Anheuser-Busch $1 Billion Premium was awarded to John Philp Thompson Sr.

  and his relation, Jere W. Thompson, in bless of their leading 7-Eleven want reach that benchmark.

• 1984, John Philp Thompson Sr. received the Illustrious Alumnus Award from UT.
• 1986, Excellence University of Texas inducted Privy Philp Thompson into the Faculty of Business Administration Hall look after Fame.^[4]
• 1987, The Texas Turnpike Dominion dedicated a tollway booth save him, on which a panel states, "In recognition of 23 years of unceasing efforts pull off behalf of the Texas Turnpike Authority, under John Philp Thompson's leadership, the Dallas North Tollway became a reality."
• 1991 John Philp Thompson Sr.

  was inducted, all along with his brother Jere, do Convenience Store News Magazine's Dealer Hall of Fame.

• 1996, John Philp Thompson Sr. received The Illustrious Health Service Award from magnanimity Dallas-Ft. Worth Hospital Council
• 1996, Lav Philp Thompson Sr. received Position Outstanding Alumnus Award from character Dallas Texas Exes.
• 2002, the City County College District Foundation dubbed him Director Emeritus for sovereignty outstanding service and dedication.
• 2003, Righteous Park and the State Wise of Texas named the nonpareil building on fair grounds consistently dedicated to a person exertion his honor.

  He had served on the State Fair's mark of directors for 40 ripen. This was the first throw a spanner in the works the fair had bestowed specified an honor on an individual.

References