The Insider Guide to New Jersey Leaders
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New Jersey Insider
Largest
Employers D-G
(additional company profiles and
executive listings also available by e-mail or fax)
| Dow
Jones & Company |
| World Financial Center |
| 200 Liberty Street |
| New York, NY 10281 |
| Phone:
(212) 416-2000 |
| Fax:
(212) 416-4348 |
| Web
Site: http://www.dj.com |
|
| Peter
R. Kann |
| Chairman & CEO |
|
| Dow
Jones Information Services Group |
| PO Box 300 |
| Princeton, NJ 08543 |
| Phone:
(609) 520-4000 |
| Fax:
(609) 520-4138 |
|
| NJ
Employees: 2,100 |
| Products/Services:
Publishing, information services |
|
| Founded 1882 by Charles
H. Dow, Edward T. Jones and Charles Bergstresser, publisher of The Wall
Street Journal, with world circulation 1.8 million; other business
publications include Barron's and SmartMoney magazines, Far Eastern
Economic Review, National Business Employment Weekly> Ottaway
Newspapers, wholly owned subsidiary, publishes 19 daily and 15 weekly
newspapers> Electronic information services include Dow Jones
Newswires, and Dow Jones Interactive Publishing, which provides business
information to corporations and consumers by computer, telephone,
facsimile and radio, also produces business television programming in
US and abroad>
Wsj.com, launched in 1996, largest paid subscription commercial site on
Internet with paid circulation of over 375,000 as of January 2000>
February 2000 formation of joint venture new company, work.com,
with Excite@Home to develop business Web portal designed to needs of small
and medium-sized business Internet users; joint venture with Reuters in
Factiva, provides proprietary data to professional markets> Co-owner
with NBC of CNBC television operations in Asia and Europe,
also provides news content to CNBC in US> Largest NJ facility on
Route 1 in South Brunswick includes printing plant for Wall Street
Journal, electronic information, data processing center, expanded plant
and offices 1997-98 with aid of State job creation grant; offices in
Jersey City for staff of Dow Jones newswires> 1998 sale of Dow Jones
Markets (formerly Dow Jones Telerate) to Bridge Information Systems,, one
of largest suppliers of financial market and transaction data competing
with Reuters and BLOOMBERG LP,
with offices in Harborside complex in Jersey City, following $922 million
write-off in Dow Jones Markets value in 1997, as well as pressure from NJ
mutual fund manager and investor Michael Price, who acquired 6% of shares
1997, proposed management changes, potential merger> Former CEO and
Wall Street Journal publisher, late Bernard J. Kilgore, founder of PRINCETON
PACKET weekly newspaper chain still owned and operated by Kilgore
family, Dow Jones CEO and Wall Street Journal publisher Peter R. Kann,
native and current resident of Princeton, began newspaper career as
student reporter during summer vacation for Princeton Packet, now serves
on board of Princeton Packet> Sponsors DOW
JONES FOUNDATION based in Princeton, supports philanthropic projects
related to journalism and publishing |
| The Dun
& Bradstreet Corporation |
| One Diamond Hill Road |
| Murray Hill, NJ 07974 |
| Phone:
(908) 665-5000 |
| Fax:
(908) 665-6418 |
| Web
Site: http://www.dnb.com |
|
| Allen
Z. Loren |
| Chairman, CEO and
President |
| NJ
Employees: 1,300 |
| Products/Services:
Business information |
|
| Founded 1841 as business
credit reporting service, diversified into various information fields>
2000 restructuring separated Moody’s Investors Service and D&B
operating company into two independent, publicly traded companies>
Dun & Bradstreet
(D&B), leading provider of commercial credit, business marketing and
purchasing information, and receivables management services> Maintains
world’s largest business database with over 40 million companies,
updated 700,000 times each business day, employs over 16,000 people in 40
countries> In attempt to improve profitability, implemented series of
spinoffs, restructurings and downsizings 1996-2000, including 1996
spin-off of A.C. Nielsen media research operation, also relocated
headquarters of ‘new’ Dun & Bradstreet to NJ from CT; mid-1998
spin-off of The Reuben H. Donnelley Corporation as independent public
company, largest independent marketer of yellow pages in US, provides
sales and other yellow pages services to leading telephone companies>
CEO Volney Taylor resigned under pressure October 1999, replaced on
interim basis by Clifford Alexander, member of D&B board of directors
and former Secretary of Army, CEO Allan
Loren joined D&B in May 2000 as Chairman and CEO of D&B operating
company and named to current position in September 2000, previously
spent six years as Executive Vice President and Chief Information Officer
at American Express Company> NJ
operations include facilities in Murray Hill (375 employees), Parsippany
(500 employees) and Berkeley Heights (230 employees) processing credit
information, respond daily to over 100,000 requests |
| E. I. du Pont de Nemours and
Company |
| 1007 Market Street |
| Wilmington, DE 19898 |
| Phone:
(302) 774-1000 |
| Fax:
(302) 774-7321 |
| Web
Site: http://www.dupont.com |
|
| Charles
O. Holliday Jr. |
| Chairman and CEO |
|
| E.
I. du Pont de Nemours |
| Chambers Works |
| Deepwater, NJ 08023 |
| Phone:
(609) 299-5000 |
| Fax:
(609) 540-3018 |
| NJ
Employees: 1,900 |
| Products/Services:
Chemicals, plastics, fibers, energy |
|
| Founded
1802 by Eleuthère Irénée Du
Pont, French immigrant and student of Antoine Lavoisier,
the father of modern chemistry, as gunpowder maker with first
plant along Brandywine Creek near Wilmington, DE, now largest
US chemical company> Inventor or developer of wide range
of industrial, consumer trademarked products and materials,
including cellophane, nylon, Teflon, Orlon, Dacron, Lycra,
Mylar, Lucite paint, Corian> Operates in approximately
65 countries worldwide with 97,000 employees at about 135
manufacturing and processing facilities, over 40 research
and development and customer service labs in US, and 35 labs
in 11 other countries>
Established first Salem County plant 1881 at Carney's
Point also producing gunpowder> Second plant in Deepwater,
later named Chambers Works, started 1917 with dye production,
grew to become largest of company's 150 plants, site for research
which developed Teflon, synthetic rubber, also makes Kevlar
fibers for tire cords, bulletproof vests, structural applications;
Freon fluorocarbons, Stainmaster carpet coating> NJ plant
in Seaford opened 1938 to produce nylon, immediate commercial
success with use in production of nylon stockings> Largest
South Jersey industrial employer with 1,900 employees,
Chambers Works Jackson Laboratory 4th largest DuPont
research facility, site for early work by Carl Pederson, only
career DuPont scientist to win Nobel Prize (in 1987), discoveries
included improvements in process for making tetraethyl lead,
gasoline additive, first deactivators to counter degradative
effects of heavy metals in gasolines, oils and rubbers>
Completed 1992 phaseout of chloroflurocarbon production at
Chambers Works, replaced with production of chloroflurocarbon
substitutes, expanded
production capacity at Chambers for chemicals used in Teflon
production> DuPont Environmental Treatment facility at
Chambers Works world's largest commercial and industrial wastewater
treatment facility, processes 85% of all industrial waste
water generated in NJ, handles up to 40 million gallons of
wastewater daily, provides
wastewater treatment services for variety of industries and
market segments, such as chemical, metalworking> Chambers
Works ranked as source of highest volume of toxic chemical
releases in NJ according to US EPA. |
| Educational Testing Service |
| Rosedale Road |
| Princeton, NJ 08541 |
| Phone:
(609) 921-9000 |
| Fax:
(609) 734-5410 |
| Web
Site: http://www.ets.org |
|
| Kurt
M. Landgraf |
| President |
| NJ
Employees:
1,800 |
| Products/Services:
Educational testing |
|
| World's largest private
educational measurement institution and a leader in educational research,
annually administers over 11 million exams in US and 180 other
countries> Nonprofit
organization develops and administers achievement, occupational and
admission tests, such as Scholastic Assessment Test for the College
Entrance Examination Board, clients in education, government and
business> Founded 1947 as private, nonprofit corporation by American
Council on Education, Carnegie Foundation for the Advancement of Teaching,
and College Entrance Examination Board to develop uniform tests for
college, graduate and post-graduate admissions and evaluations> 1996
spin-off of for-profit subsidiary including nearly all occupational and
professional programs as The Chauncey Group International Ltd., named
after ETS first president, Henry Chauncey, operating independently but
with ETS retaining sole ownership>
Main headquarters on 400-acre property donated by first ETS president,
Henry Chauncey, also six regional offices, expanded headquarters offices
1996-97 with two additional buildings comprising 400,000 square feet to
consolidate staff, also maintains separate location in Ewing for document
storage, mailing and shipping, printing, test center administration, test
security, and computer processing |
| Engelhard
Corporation |
| 101 Wood Avenue |
| Iselin, NJ 08830 |
| Phone:
(732) 205-5000 |
| Fax:
(732) 321-1161 |
| Web
Site: http://www.engelhard.com |
|
| Peter
Oakley |
| Chairman & CEO |
| NJ
Employees:
850 |
| Products/Services:
Precious metals, specialty chemicals |
|
| Founded 1902 in Newark, a
world leader in precious metals processing, also major producer of
chemicals> 32% of stock owned by Minorco, Luxembourg-based mining
consortium controlled by South African mining companies, including DeBeers>
Largest producer of automobile catalytic converters for emissions control,
introduced 1995 new, platinum-based emissions control device, 1997
approval by EPA of technology to retrofit older bus diesel engines>
Former CEO the late Charles Engelhard, son of founder, reported
inspiration for Ian Fleming's ‘Goldfinger’ character in James Bond
books, movies> Consolidated administrative, other operations in new
headquarters building completed 1991 in Iselin. |
| Exxon
Mobil Corporation |
| 5959 Las Colinas Boulevard |
| Irving, TX 75039-2298 |
| Phone:
(972) 444-1000 |
| Fax:
(972) 444-1882 |
| Web
Site: http://www.exxon.com |
|
| Lee
R. Raymond |
| Chairman and CEO |
| NJ
Employees: 2,500 |
| Products/Services:
Petroleum and chemicals |
|
|
World’s
largest publicly- integrated petroleum company with interests in 50
refineries processing 6 million barrels of petroleum daily, over 70
manufacturing sites, 123,000 employees and 45,000 service stations>
Exxon Mobil Corporation formed by merger of Exxon and Mobil effective
November 30, 1999, with State of NJ home state of incorporation (as Exxon
previously)> Both Exxon and Mobil origins from John D. Rockefeller
founding in 1870 of Standard Oil Co. of Ohio, first oil wells in PA,
purchased Bayonne refinery 1878 and built 400-mile pipeline between
Bayonne and PA oil fields> Standard Oil Trust established by
Rockefeller 1882, including Standard Oil Co. of New Jersey (‘Jersey
Standard’) and Standard Oil Co. of New York (‘Socony’), chief
predecessor companies of Exxon and Mobil, respectively> Standard Oil
Company of New Jersey
re-incorporated 1899 under liberal NJ corporate law allowing trusts barred
by OH and most other states, continued until 1911 US Supreme Court
decision dissolving trust under new federal Sherman Anti-Trust Act>
Following US Supreme Court decision dissolving Trust, separation of Trust
into independent companies
including Standard Oil Co. of New Jersey and Standard Oil Co. of New
York> ExxonMobil currently leading NJ gasoline retailer accounting for
about 15% of gas sold in NJ with 400 NJ retail gasoline service stations,
9 of which company-owned and operated, Federal Trade Commission approval
of merger required sale of Mobil stations in NJ to maintain competition,
part of overall sale to TOSCO
CORPORATION of 1,740 service stations from VA through ME> Largest
NJ employment from wholly-owned subsidiary ExxonMobil Research and
Engineering Company (EMR&E), world headquarters formerly in Florham
Park, relocated following merger to Fairfax, VA, other NJ research
facilities at Clinton, Paulsboro (former Mobil Technical Center)>
Florham Park facility to be closed by 2001, with most employees relocated
to Clinton or to new headquarters in VA> EMR&E founded 1919 as one
of Nation's first industrial research organizations, now employs worldwide
over 1,100 scientists, engineers, and support personnel developing
process, product and engineering technology related to petroleum refining,
transportation and marketing> Exxon formerly owned Bayway Refinery in
Linden founded 1909, largest on East Coast, sold April 1993 to Tosco
Corp., ExxonMobil continues to buy gas from Tosco production at Linden,
mixes with own additives for sale, Linden also remains site of ExxonMobil
Marketing Co.> Joint venture established 1999, Infineum, Inc., between
Exxon Chemical and Shell in formulating high-quality fuel, lubricant and
specialty additives maintains national sales office in Linden> Mobil
sold 1998 former refinery in Paulsboro to Valero Energy Corp, ExxonMobil
continues to own and operate Paulsboro research facility; Mobil previously
sold 1996 Hopewell research center on I-95 to BRISTOL-MYERS
SQUIBB> Past NJ
philanthropic support includes Liberty Science Center ($1 million to
support energy exhibit); THE NATURE
CONSERVANCY; MORRISTOWN
MEMORIAL MEDICAL CENTER; CROSSROADS
THEATRE; NJ CENTER FOR THE
PERFORMING ARTS. |
| FedEx
Corporation |
| 942 South Shady Grove Road |
| Memphis, TN 38120 |
| Phone: (901) 369-3600 |
| Fax: (901) 395-2000 |
| Web Site: http://www.fedexcorp.com |
|
| Frederick W. Smith |
| Chairman, President & CEO |
|
| NJ
Employees:
4,000 |
| Products/Services:
Express delivery service, trucking, business services |
|
| Holding company established
January 1998 in restructuring of Federal Express Corp., provides
transportation, logistics and supply chain management solutions> FedEx
Corp. subsidiaries comprise FedEx Express, world’s largest express
transportation company; FedEx Ground, North America’s second-largest
provider to UNITED PARCEL SERVICE
of ground small-package delivery; FedEx Custom Critical, world’s largest
surface expedited carrier; FedEx Logistics, contract logistics provider;
FedEx Trade Networks, providing customs brokerage, consulting, and trade
facilitation; Viking Freight, leading regional freight carrier in western
US> Average delivery volume over 3.3 million packages each day,
operates 650 aircraft, 45,000 vehicles with drivers traveling 2.5 million
miles on average day> Eastern regional hub located at Newark Airport,
services shipping and delivery operations from Boston to Washington>
Customer service center, one of 18 in US, located in Somerset |
| Federated Department Stores |
| 7 West 7th Street |
| Cincinnati, OH 45202 |
| Phone:
(513) 579-7000 |
| Fax:
(513) 579-7555 |
| Web
Site: http://www.federated-fds.com |
|
| James
M. Zimmerman |
| Chairman & CEO |
| NJ
Employees:
11,800 |
| Products/Services:
Retail department stores |
|
|
Nation's
largest retail department store chain with over 400 stores
in 33 states in 2000> Divisions include Bloomingdale's
(24 stores, 2 in NJ);
Macy's East (87 stores, 13 in NJ); Macy's West (99
stores); Stern's (25 stores, 11 in NJ, corporate headquarters
in Paramus); Rich's/Lazarus/Goldsmith's (74 stores); Burdines
(52 stores); The Bon Marché (42 stores); also operates direct
marketing services Macys.Com e-commerce operation; Macy's
By Mail national catalog operation> Federated Logistics
and Operations located in Secaucus, coordinates national
merchandise distribution and logistics functions and vendor
technology across Federated divisions, also expense control,
energy management, asset recovery, accounts payable, purchasing,
loss prevention, leased departments, maintenance functions,
store planning, architecture, construction and engineering>
Became largest retail chain following 1994 $4.1 billion
acquisition of R.H. Macy, offer reluctantly accepted by
Macy management under pressure of creditors in Macy bankruptcy
reorganization> Macy established NJ presence through
acquisition of former Bamberger stores, first established
with 1892 opening of Newark store, founder Louis Bamberger
and sister Mrs. Felix Fuld also gave funds for
establishment of INSTITUTE
FOR ADVANCED STUDY in Princeton in 1930 as haven for
European scholars fleeing Nazis, including Albert Einstein. |
| Foster Wheeler Corporation |
|
Perryville
Corporate Park |
| Clinton, NJ 08809 |
| Phone:
(908) 730-4000 |
| Fax:
(908) 730-4100 |
| Web
Site: http://www.fwc.com |
|
| Raymond J.
Milchovich |
| Chairman,
President & CEO |
| NJ
Employees:
4,500 |
| Products/Services:
Engineering process and construction, energy equipment, real estate
development, environmental remediation |
|
| Founded 1881 as Wheeler
Condenser & Engineering Co.> Foster Wheeler headquarters in
Bermuda, operations headquarters of primary subsidiary Foster Wheeler USA
in Clinton> Now one of largest international firms
in design, engineering, construction, environmental services, real estate
development with over $3 billion> Financial performance and stock price
adversely affected 1998-2002 from $260 million loss resulting from
operation of waste-to-energy facility in Robbins, IL, consolidated operations and
reduced workforce by 1,600 in effort to improve financial position> World projects
include reconstruction of Kuwait's petrochemical refineries destroyed in
Iraq invasion> Opened new headquarters 1987 as part of major office
development> Recent NJ projects include solid waste resource recovery
plants in Camden, coal plant at E.I.
DU PONT Chambers Works in Salem County, real estate developments in
Livingston, Bridgewater, Bedminster Townships> Board
of directors named Raymond J. Milchovich CEO effective October 22, 2001,
previously chairman, president and CEO of Kaiser Aluminum
Corporation. |
| Gannett
Company |
| 1100 Wilson Boulevard |
| Arlington, VA 22234 |
| Phone:
(703) 284-6000 |
| Fax:
(703) 276-5548 |
| Web:
http://www.gannett.com |
|
| John
J. Curley |
| Chairman, President & CEO |
| NJ
Employees: 1,800 |
| Products/Services:
Publishing, broadcasting, security services |
|
| Leading newspaper publisher of
USA TODAY, 74 daily and over 50 non-daily publications, also operates 21
television stations, five radio stations, cable television systems in five
states and alarm security services, acquired 1999 Newsquest plc, largest
regional newspaper publisher in England with 11 daily newspapers and
variety of non-daily publications> Traces origins to 1906, when
Frank Gannett and associates bought half interest in Elmira Gazette in
Elmira, NY, later expanded to regional and national publishing network>
Acquisition effective at July 1998 of daily newspapers THE
DAILY RECORD based In Parsippany-Troy Hills and OCEAN
COUNTY’S OBSERVER of Toms River, purchased from Goodson Newspapers
along with several Ocean County weekly newspapers> 1998 acquisition
followed fall 1997 purchase of privately-owned New Jersey Press, publisher
of ASBURY PARK PRESS, NJ's
second-largest circulation daily and Sunday newspaper;
THE HOME NEWS & TRIBUNE, daily and Sunday newspaper in East
Brunswick serving Middlesex and part of Somerset County> Acquisitions
supplemented existing Gannett NJ operations include ownership of daily
newspapers COURIER NEWS of
Bridgewater; COURIER-POST of
Cherry Hill; VINELAND DAILY JOURNAL;
Atlantic County weeklies> Upon acquisition, ranks first in number of NJ
dailies with 7 papers, second to ADVANCE
PUBLICATIONS in total circulation> USA TODAY prints 80,000
Northeast regional copies at MACROMEDIA-owned
printing plant, also maintains regional circulation and marketing office
in NJ> Early in career, CEO John J. Curley an Associated Press reporter
in NJ, later campaign press secretary to Governor William Cahill, also
former publisher of Courier News of Bridgewater 1971-74; younger brother
Thomas Curley, current president and publisher USA TODAY, also served as
Courier News publisher 1983-85> Formerly owned Gannett Outdoor, largest
outdoor advertising firm in North America and NJ, and Louis Harris public
opinion survey firm, both sold 1996 to focus on publishing, broadcasting
operations. |
| General
Electric Co. |
| 3135 Easton Turnpike |
| Fairfield, CT 06431 |
| Phone:
(203) 373-2211 |
| Fax:
(203) 373-3497 |
| Web
Site: http://www.ge.com |
|
| Jeffrey
Immelt |
| Chairman and CEO |
| NJ
Employees:
2,300 |
| Products/Services:
Electronics, broadcasting |
|
|
Corporate
origins evolved from Thomas Edison's inventions in NJ laboratory
in Menlo Park including carbon telephone transmitter, phonograph,
Edison electric dynamo,, Edison’s original corporation chartered
1878 as Edison Electric Light Co., 1892 formation of General
Electric Company with consolidation of Thomson-Houston and
Edison General Electric Companies, Thomas Edison sold all
shares 1894> Now operates in more than 100 countries,
including 250 manufacturing plants in 26 different nations,
employs 340,000 people worldwide, including 155,000 in US>
Proposed acquisition of HONEYWELL
INTERNATIONAL based in Morristown for deal then valued
at $45 billion announced October 2000, terminated July 2001
following rejection of merger by European Commission due
to antitrust concerns> 1986 $6.4 billion GE acquisition
of RCA increased NJ employment to over 10,000, 1993 sale
of defense space systems operation to Martin Marietta Corp.,
now LOCKHEED
MARTIN, reduced total NJ employment to under 3,000>
Sold RCA's Sarnoff Research Center near Princeton to California-based
SRI International in 1987, site of much of early television
research and development for RCA and NBC> CNBC cable
TV subsidiary studio and headquarters in Fort Lee; new MSNBC
cable TV-Internet joint venture with Microsoft established
1996, developed new studio complex in Secaucus following
enactment of legislation to provide special tax benefits
in construction of new studio facility, equipment purchases>
GE Americom headquarters in Princeton, pioneered satellite
distribution of video entertainment programming, now one
of world's
largest satellite service providers, also nation's leading
provider of satellite news gathering services> Office
complex in South Brunswick hosts administration for 20 separate
divisions communications administration, patents, engineering),
Cedar Knolls (electrical products, equipment manufacturing)>
CEO John 'Jack' Welch retired September 2001, succeeded
as CEO by Jeffrey Immelt |
| General Motors Corporation |
| 3044 West Grand Boulevard |
| Detroit, MI 48202 |
| Phone:
(313) 556-5000 |
| Fax:
(313) -556-5108 |
| Web
Site: http://www.gm.com |
|
| Richard
Wagoner |
| President and CEO |
|
| General
Motors Truck Group |
| 1016 West Edgar Road |
| Linden, NJ 07036 |
| Phone:
(908) 474-4000 |
|
|
| NJ
Employees: 4,200 |
| Products/Services:
Motor vehicle manufacturer |
|
| World's largest industrial
company and largest automobile manufacturer, sales account for about 29%
of total US auto market> Models include Buick, Cadillac, Chevrolet,
GMC, Oldsmobile, Pontiac, and Saturn, acquired Saab 2000, also
affiliations with or equity interests in SUBARU, Isuzu, Suzuki, and Fiat (Alfa Romeo, Lancia; other
businesses include Hughes Electronics (satellites, communications),
Allison Transmission (medium- and heavy-duty transmissions), and GM
Locomotive (locomotives, diesel engines)> Incorporated 1908 in NJ by
founder William Durant to take advantage of liberal NJ corporate laws,
early roller bearing supplies from Hyatt Roller Bearing Corp. in Harrison
headed by Alfred P. Sloan, Jr., who sold company 1916 to United Motors,
then acquired 1918 by GM which operated it as division under Sloan
management, with Sloan named GM CEO 1923, served as CEO until 1946 and GM
chairman until retiring 1956> Linden assembly plant at capacity employs
4,000, plant converted 1990-93 to light truck production following $150
million retooling> Spun off its Delphi parts manufacturing division May
1999 as independent company, Delphi Automotive Systems Corporation, with
over 200,000 employees, included Delphi Energy & Engine Management
Systems division in New Brunswick annually makes some 3
million Delco Remy auto batteries with 500 employees and parts
distribution center in North Brunswick, previously closed 1997 Delphi
plant in Ewing with 1,000 employees |
| The Great Atlantic & Pacific
Tea Company |
| 2 Paragon Drive |
| Montvale, NJ 07645 |
| Phone:
(201) 573-9700 |
| Fax:
(201) 930-8144 |
| Web
Site: http://www.aptea.com |
|
| Christian W. E. Haub |
| President and CEO |
| NJ
Employees: 10,700 |
| Products/Services:
Supermarket chain |
|
| Founded 1859 when George
Gilman and George Huntington Hartford established
tea store in NY City offering customers tea blends at
sharply lower prices than competitors by buying tea at NY docks,
stores adopted Oriental palace design featuring paneled walls, flowery tin
ceilings, crystal chandeliers, cash stations shaped like pagodas>
Renamed business The Great Atlantic & Pacific Tea Co. 1869, consisted
of 10 stores with branches in Boston and Philadelphia; in 1880s, as coffee
drinking grew popular, Hartford named own brand, Eight O'Clock Breakfast
Coffee, packed in red bag, now oldest private label in US grocery marketplace
and fourth-largest coffee brand in US> Majority stock control acquired
in 1979 by stock purchase from Hartford Foundation by Tengelmann Group of
Germany controlled by Erivan Haub, with son, Christian Haub, named co-CEO
April 1997, and sole CEO April 1998, at age 33 one of youngest CEOs of
major US corporation> Operates 839 conventional supermarkets and larger
superstores, serves 55 franchised stores in 16 states, DC and Ontario,
Canada, under A&P, Waldbaum's, Food Emporium, Super Fresh, Farmer
Jack, Kohl's, Dominion and Food Basics trade names> Compass Foods
Division also manufactures and distributes line of coffees under Eight
O'Clock, Bokar and Royale labels for sale through its own stores and by
other companies outside of A&P's trading area> 104 NJ stores, NJ
ranks third in total US stores, trails NY & MI, approximately half of
total sales from metropolitan NY, NJ and eastern PA> Completed $300
million capital investment program to build 35 new, larger stores, renovate and expand 120 older
stores, reduced number of total stores by over 200 1998-2000> Supports
local food banks; anti-drug programs; innovative employee profit-sharing
plan. |
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