Last updated on May 20th, 2024 at 01:13 pm
For the third consecutive year, Schnucks Markets Inc. has been selected as a U.S. Best Managed Company. Sponsored by Deloitte Private and The Wall Street Journal, the program recognizes outstanding U.S. private companies and the achievements of their management teams.
“We are, once again, extremely honored and humbled to be named a U.S. Best Managed Company three years running,” said Schnucks Chairman and CEO Todd Schnuck.
“Our organization’s leadership, board members and shareholders remain aligned on our strategic vision, and our 12,000 teammates continually serve our many communities throughout the Midwest at high levels while carrying out our company’s mission to nourish people’s lives.”
The designation is part of a global Deloitte Private program. Honorees are selected by an external panel of judges who evaluate applicants based on strategy, ability to execute, culture and governance and financial performance. They join an ecosystem of organizations from more than 44 countries.
The Best Managed Companies program is a mark of excellence for private companies. U.S. designees have revenues of at least $250 million. Thousands of private companies around the world have competed for this designation in their respective countries through a rigorous and independent process that evaluates four key criteria in their management skills and practices – strategy, execution, culture and governance/financials.
About Schnucks
Founded in St. Louis, Missouri, in 1939, Schnuck Markets Inc. is a third and fourth generation, family-owned grocery retailer committed to nourishing people’s lives. Schnucks operates 115 stores, serving customers in Missouri, Illinois, Indiana and Wisconsin and employs nearly 12,000 teammates.
According to Forbes’ 2023 rankings, Schnucks is the 189th largest privately-owned company in the United States and the 14th largest privately-owned grocer. Schnucks is committed to helping communities thrive, and as a champion for reducing hunger, the company annually donates more than $15 million in food to pantries that help those in need.
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