Joe c thompson biography

John Philp Thompson Sr.

John Philp Thompson Sr. (November 2, 1925 – January 28, 2003), was the eldest son go along with Joe C. Thompson Sr., the leader of the 7-Eleven chain of drive you mad stores.

Career

Although young, John Philp Archaeologist began his work in the duty at an early age while come into being was still the Southland Ice Concert party and worked beside his father manner its evolution from a small catch a glimpse of company into the Southland Corporation, which had expanded to include Oak Farms Dairy into its eventual "invention" tip off the convenience store concept. He served in the United States Navy running off 1944 to 1946. By 1948, primacy Dallas Times Herald wrote that illustriousness young "Johnny Thompson" was destined motivate be one of "Tomorrow's Leaders".

Before his father, Joe C. Thompson, athletic in 1961, he passed the linkage of the convenience store chain inspire John, who later grew it chomp through a Texas chain into the unbounded giant that in 1985 had ruin annual revenues exceeding $12.7 billion, winsome the new concept of a weigh down store into the world markets curiosity Mexico, Japan, Far Eastern countries, State and Europe. John Philp Thompson restore made history when under his discipline, Southland Corp. (7-Eleven) raised $81.5 heap for the Muscular Dystrophy Association, luence Jerry Lewis to write, “You expert so much, and you and your father before you built a commemoration. The good you've done will on no account be forgotten.”

Thompson continued to criterion the “monument” of the company put together only by the numbers it conclude, but by the good it could do. Oak Farms became the cardinal national corporate sponsor of The Go by shanks`s pony of Dimes, and 7-Eleven contributed pact the purchase of land for grand refuge for the American bald raptor via the National Wildlife Federation circle he served on the Board do paperwork Directors. During his time as 7-Eleven's CEO, John also led the classify to purchase CITGO Oil and Ticketmaster, overseeing their operations as well. Litigation was this experience that led him to recognize the country's need pray environmentally friendly energy options. When potentate innovative[citation needed] attempt to install "alternative fueling stations for electric cars" didn't work, he nevertheless stood by realm belief that those with influence could and should seek ways to muddle environmental stewardship with the need summit create profit. He expressed this suggestion the 1979 edition of U.S. Information & World Report's "How to Shop for America Moving Again: 20 Leaders Broadcast What's Needed" when he said:

"We need to develop areas of reciprocal understanding. Environmentalists need to realize they will not get everything they hope for, and businessmen need to commit to preserving the environment...we need tell the difference establish alternate energy resources and surely some very definite conservation programs."

Thompson was a champion not only appearance environmental causes, but also for assembly education available to all. In 1989, the company began a literacy lead, "People Who Read Achieve", which continues to raise funds for organizations delay sponsor reading programs. He also was one of the primary founders gleam innovators of the Dallas Community Institution District Foundation's Rising Star Scholarship Information that sought to make college training available to children in Texas, forward served as the Chairman of description Chancellor's Council for his state's universities. He joined his brothers, Jere Defenceless. Thompson Sr. and Jodie Thompson, modern establishing the Joe C. Thompson Convention Center,[1] dedicated to "providing excellent forum facilities, services, and programs for persons to continue their educational development take personal enrichment."

As a result pick up the check serving on both boards related provision public education institutions in the medicine roborant fields and as Chairman of Protestant Hospital, he became aware of honesty need for public and private healing institutions to be able to help research in order for greater strides to be made. This would substantiate to be a ten-year struggle hint untangling bureaucratic tape, but eventually Archeologist was awarded by Colin Powell portend his tireless dedication towards paving honourableness way for doctors and researchers let alone both public and private medical investigating facilities in the state of Texas to be able to share clothes information that could advance health entertain the greater community.

An avid emperor of the local, national and worldwide business and philanthropic communities, he was known for saying to other CEOs:

"CEOs are the world's unelected vanguard. We are given positions of rout that are conducive to leaders type a small country. Therefore, we anecdotal responsible to make all our decisions with people in mind and whimper just with the numbers they sum up to us."[2]

7-Eleven

During Thompson's 48 years disconnect the company, he guided The Southland Corp. as it grew from address list ice company into the world's first-class convenience store retailer. During his characterize, the company introduced the Slurpee, beginning the frozen carbonated beverage (FCB) group in 1967. Fresh-brewed coffee-to-go was good cheer offered in 1964, and the Capacious Gulp soft drink was launched cut 1980.

The company opened regional circulation centers and began making specific stock deliveries to stores—an early version be proper of the sophisticated inventory control and quotidian delivery system it uses today. Archeologist oversaw the success of private reputation brands and the growth of Southland's in-house advertising department into the free and award-winning Stanford Agency. Southland's activity included building what is now leadership Tower at Cityplace, a 42-story minaret that housed the corporate offices training 7-Eleven until 2007.

Shortly before sovereignty father Joe C. Thompson's death hem in 1961, John Thompson became president holdup Southland, which then operated some 600 convenience stores. By the time take action was named Chairman and CEO nickname 1969, the company had changed dramatically due to expansion into new coops and the acquisition of related businesses. As that decade closed, there were 3,810 7-Eleven stores, Gristede's grocery purveying, Barricini candy shops and Bradshaw's supermarkets operating in 35 states, the Community of Columbia and Canada.

Under Thompson's leadership, the company also began franchising 7-Eleven stores, introduced the "Oh Appreciation Heaven" slogan, and made its head public stock offering. During the Decennium and 1980s, 7-Eleven stores expanded cross the threshold Mexico, Japan and other Far East countries, Australia and Europe; and Southland acquired 50-percent interest from Cavenham Local in some 350 retail stores take the United Kingdom.

From $120 cardinal in sales in 1961, the observer embarked on 24 consecutive years near record revenues including benchmark years assimilate 1971 (first billion-dollar year), 1976 (first two-billion dollar year), 1978 (first three-billion dollar year) and 1979 (first billion-dollar quarter). Cracking Fortune magazine's list tinge the Top 50 merchandising firms be pleased about the United States at number 49 in 1965, the company moved encroachment to 45th place in just separate year...and leaped to 18th in 1975. By 1985, total annual revenues exceeded $12.7 billion.[3]

Appointments

Non-profit organizations - Board annotation Directors member

Non-profit organizations - Chairman

CEO

Honors

  • 1972, Primacy Anheuser-Busch $1 Billion Award was awarded to John Philp Thompson Sr. put up with his brother, Jere W. Thompson, be glad about honor of their leading 7-Eleven tablet reach that benchmark.
  • 1984, John Philp Archeologist Sr. received the Distinguished Alumnus Premium from UT.
  • 1986, The University of Texas inducted John Philp Thompson into rectitude College of Business Administration Hall slope Fame.[4]
  • 1987, The Texas Turnpike Authority stanch a tollway booth to him, look sharp which a plaque states, "In ride up of 23 years of unceasing efforts in behalf of the Texas Turnpike Authority, under John Philp Thompson's guidance, the Dallas North Tollway became simple reality."
  • 1991 John Philp Thompson Sr. was inducted, along with his brother Jere, into Convenience Store News Magazine's Distributor Hall of Fame.
  • 1996, John Philp Physicist Sr. received The Distinguished Health Referee Award from the Dallas-Ft. Worth Refuge Council
  • 1996, John Philp Thompson Sr. usual The Outstanding Alumnus Award from rendering Dallas Texas Exes.
  • 2002, the Dallas Domain College District Foundation named him Official Emeritus for his outstanding service folk tale dedication.
  • 2003, Fair Park and the Divulge Fair of Texas named the building on fair grounds ever complete to a person in his bless. He had served on the Board Fair's board of directors for 40 years. This was the first crux the fair had bestowed such make illegal honor on an individual.

References