- Publix announced on Friday that its CEO Todd Jones is transitioning to the role of Executive Chairman at the year’s end, and Kevin Murphy, the current President, is set to take over as CEO.
- John Goff, the Senior Vice President, will ascend to the position of President.
- Publix reported strong financial results in 2023, with sales up 7.2 percent to $14 billion in Q3 and 8.1 percent to $42.4 billion over nine months. Net earnings nearly doubled to $3.2 billion, and its stock price increased to $15.10 per share as of Nov. 1.
Florida-based supermarket giant Publix announced on Friday that its current CEO, Todd Jones, will transition to the role of Executive Chairman at the end of the calendar year. President Kevin Murphy is set to become the new CEO, while Senior Vice President John Goff will be promoted to President.
Jones, who began his career with Publix in 1980 as a front service clerk in New Smyrna Beach, Florida, has played a role in the company’s expansion beyond Florida and operational strategies. He became President in 2008 and was named CEO and President in 2016. Under his leadership, Publix has seen significant growth, both in terms of revenue and geographic expansion.
“Todd has been an outstanding leader,” said former Publix CEO and Board chairman Ed Crenshaw. “He has been committed to continuing Publix’s success and passionate about the development and promotion of our associates. We’re pleased he will continue to provide leadership to our company as Executive Chairman.”
Murphy, the incoming CEO, also boasts a long tenure with Publix, beginning in 1984. Murphy served as Publix’s vice president of the Miami Division before his elevation to senior vice president of retail operations in 2016 and subsequent promotion to the president position in 2019. Goff, meanwhile, formerly held the position of senior vice president of retail operations, which he was named to in 2022.
“We are delighted to have leaders with the experience of Kevin and John who are ready to take the next steps in their careers,” said Jones. “I am confident in their ability to lead our company into the future and to continue to make Publix a great place to shop for our customers and a great place to work for our associates.”
Publix reported a strong financial performance for 2023, with sales increasing by 7.2 percent to $14 billion in the third quarter, and by 8.1 percent to $42.4 billion over nine months. Net earnings nearly doubled to $3.2 billion for the nine-month period and its stock price rose from $14.75 to $15.10 per share as of Nov. 1.