See more Companies in this Industry: Specialty Stores. In its stores, Sheetz sells everything from made-to-order salads to freshly baked goods to discount cigarettes. Founded by Bob Sheetz in , the company remains family owned and operated.
Bob Sheetz founded Sheetz, Inc. In , Bob hired his brother Steve to work part-time at the store. In , Steve joined Bob in the business as general manager.
The brothers planned to expand at the rate of one store per year with a target of seven stores by In , the brothers literally doubled the size of the company, expanding from seven to fourteen stores.
Bob Sheetz founded Sheetz, Inc. In , Bob hired his brother Steve to work part-time at the store. In , Steve joined Bob in the business as general manager. The brothers planned to expand at the rate of one store per year with a target of seven stores by In , the brothers literally doubled the size of the company, expanding from seven to fourteen stores. One year later, Sheetz added gasoline pumps and introduced self-serve gasoline to Central Pennsylvania.
By , Bob and Steve had opened stores. The following year, Bob retired and handed over the leadership of the company to his trusted business partner and brother Steve. Stan led the company through new periods of growth and innovation including introducing Sheetz fans to touchscreen ordering, Sheetz Bros.
Through the family council, family members have come together to participate in philanthropic activities that benefit Make-A-Wish, Special Olympics and other organizations.
Also in , Sheetz revamped its board to include independent directors. The shareholder agreement was updated, and the bylaws were revised. The company recapitalized, and a voting trust was created to control most of the shares. In addition to the family shareholders, some former non-family executives own stock, and 7. The Sheetz family has created a family charter and a family employment policy.
Family values are emphasized in family retreats, family council meetings, family education sessions and everyday conversations. Generative families — those who have succeeded beyond their third generation as thriving business families — use their wealth to invest in their future.
Family businesses can represent both the best and worst form of capitalism. Our exclusive study examines how families manage their family councils, family assemblies and other tools and structures. MacLean Fogg Co. The Mundelein, Ill. Skip to main content. Sheetz Inc. In honor of its 30th anniversary, Family Business honored 30 outstanding family businesses: A. The Duchossois Group E. Article categories:.
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