Charles Butt

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Charles Butt
Born Charles Clarence Butt
(1938-02-03) February 3, 1938 (age 79)
Residence San Antonio, Texas, U.S.
Nationality American
Education University of Pennsylvania
Harvard University
Occupation Grocer
Net worth US$10.7 billion (March 2017)[1]
Title Chairman and CEO, H-E-B
Term 1971-
Parent(s) Howard Edward Butt Sr.
Mary Elizabeth Holdsworth

Charles Clarence Butt (born February 3, 1938) is an American billionaire businessman, who inherited his family's San Antonio-based H-E-B supermarket chain in 1971. The privately held company has more than 300 stores and $20 billion in sales, according to Forbes.[2]

Early life[edit]

Charles Clarence Butt was born on February 3, 1938, the son of Howard Edward Butt Sr. and Mary Elizabeth Holdsworth, and the grandson of Florence Butt, who founded H.E. Butt in 1905.[1]

Butt graduated from University of Pennsylvania's Wharton School with a bachelor's degree, where he joined the Sigma Chi Fraternity.[citation needed] He earned an MBA from Harvard Business School.[citation needed]

Career[edit]

He became chairman, CEO and president of the H.E. Butt Grocery Company in 1971.[3][1]

Awards and recognition[edit]

In 2012, ExecReps ranked Butt as the #5 CEO on its Top Chief Executive List.[4]

In November 2001, the Mexican government awarded Butt the Aguila Azteca medal for his philanthropic involvement and business dealings in Mexico.[5]

Philanthropy[edit]

In September 2017, Butt donated $5 million to J. J. Watt's Houston Hurricane Harvey relief fund.[6][7]

Personal life[edit]

Butt is single.[1]

References[edit]

  1. ^ a b c d "Charles Butt". Forbes. Retrieved March 13, 2017. 
  2. ^ "HE Butt Grocery on the Forbes America's Largest Private Companies List". Forbes. October 2014. 
  3. ^ "H-E-B Official Website - History Archived March 29, 2010, at the Wayback Machine." HEB.com. Retrieved on April 23, 2010.
  4. ^ May 2013 ExecRank Top CEOs "Archived copy". Archived from the original on December 14, 2013. Retrieved June 26, 2014. 
  5. ^ "Charles Butt to receive honor from Mexican government". San Antonio Business Journal. November 14, 2001. Retrieved December 17, 2006. 
  6. ^ "Texas supermarket chain HEB donates $5 million to J.J. Watt's hurricane relief fund". usatoday.com. Retrieved September 6, 2017. 
  7. ^ Patton, Mary Claire (September 6, 2017). "H-E-B CEO donates $5 million to J.J. Watt's Houston Flood Relief Fund". ksat.com. Retrieved September 6, 2017.