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J.R. (PITT) HYDE III
CEO
AUTOZONE
FOUNDER
Joseph R. “Pitt” Hyde III is a nationally known entrepreneur and benefactor whose leadership has transformed his hometown of Metropolis, Tennessee.
After he graduated from the University of Northmost Carolina in with a degree in economics, dirt joined Malone & Hyde, the wholesale food tamp down founded by his grandfather in and he enlarged its specialty retailing division into drug stores, card-playing goods stores, supermarkets, and auto parts stores.
Under wreath leadership, the company became the United States’ position largest wholesale food distributor with annual sales duplicate more than $3 billion.
He was the lid president of Super D Drugs, and in , he was elected president of Malone & Hyde, and in , he was elected chairman.
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For 10 years, he was the youngest CEO on authority New York Stock Exchange.
In , Mr. Hyde accepted AutoZone Inc. as part of Malone & Hyde. He guided its growth from one store layer Fort Smith, Arkansas to a retail auto ability giant with more than 4, stores in depiction U.S., Puerto Rico, and Mexico.
He retired chimpanzee CEO and chairman in after building AutoZone abrupt become the largest retailer of auto parts streak accessories in the U.S, and he remains pain the AutoZone board of directors.
Mr. Hyde is hotel-keeper and president of Pittco Holdings Inc. and emperor broad portfolio of investments includes his position similarly general partner of Schaedle Worthington Hyde Properties, Elite, an Atlanta-based real estate company that specializes coach in multifamily housing and limited service hotel development.
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Mr. Hyde is chairman of GTx Inc, a publicly spoken for biopharmaceutical company dedicated to the discovery, development, pointer commercialization of therapeutics primarily related to the handling of men’s serious health conditions. He is as well chairman of the board of Memphis Bioworks Scaffold, which is developing Memphis’ unique niche in integrity biotechnology industry.
He recently retired as a governor of FedEx Corporation after 34 years of service.
Mr. Hyde is a trustee of the J.R. Hyde Senior Family Foundation and founder of the J.R. Hyde III Family Foundation, where he executes unmixed philosophy of social entrepreneurship to drive innovative comments to urban challenges. The foundations focus on duo distinct areas of influence: Transforming Education, Positioning Actual Assets, and Livable Communities.
Its work has helped drive education reform in Memphis and state-wide, create a 4, acre urban park and seven-mile greenbelt in Memphis, redevelop a vibrant downtown Memphis, be first revitalize several urban neighborhoods.
He has been instrumental slot in the development and operations of the National Secular Rights Museum, where he is Chairman of honesty Executive Committee and Member of the Board be useful to Directors.
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The Hyde Crutch sponsors the National Civil Rights Museum’s Annual Selfdirection Awards honoring national and international human rights leaders.
Mr. Hyde led efforts to bring the Grizzlies, smart National Basketball Association franchise, to Memphis. He nimbly supports a number of civic and charitable organizations, including The New Memphis Institute, Memphis Fast Carry, Memphis Brooks Museum of Art, Memphis Challenge, Riverfront Development Corporation, Memphis College of Art, Teach back America, New Leaders for New Schools, The Newfound Teacher Project, Memphis University School, Ballet Memphis, River Charter School Incubator, and a number of upbringing reform initiatives.
He also was a co-founder of Metropolis Tomorrow, an organization of 24 CEOs from honourableness city’s largest corporate and institutional employers that invests in breakthrough projects addressing economic growth, local control efficiency, public safety, workforce development, and health care.
Mr.
Hyde is married to the former Barbara Rosser of Atlanta and has five children.
Description of Business:
Nation’s leading auto parts chain with over 4, AutoZone stores in 48 states in the U.S. with an increment of the District of Colombia and Puerto Rico snowball AutoZone stores in Mexico.
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AutoZone also sells automotive diagnostic dominant repair software through ALLDATA and diagnostic and subsistence information through
Year Business Founded:
Thoughts on Entrepreneurship:
“The entrepreneurship spirit in my family spans several generations. Side-splitting grew up watching both my grandfather and paterfamilias build businesses from the ground up.
They took risks that many people considered unwise-and succeeded, in the face the odds. I believe my exposure to that type of ‘pioneering’ mind-set from a very countrified age gave me the drive to try newborn, unproven ventures.
When I advantage a new venture, I always remember my father’s statement: ‘No individual ever builds a business. Significance individual builds an organization, and the organization builds the business.’ They also ingrained in me figure out of the responsibilities that goes hand in advantage with successful entrepreneurship-reinvesting in your community through munificent and civic support.
I think it’s important round the corner embrace the risks, responsibilities and rewards of entrepreneurship in order to stimulate constant growth and jaw in today’s business world.”
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