Stephen Butt & family

Net Worth

$2.959B

0% (24h)

Stephen Butt, a prominent figure in the Texas grocery industry, currently serves as the President of Shareholder Relations and the Central Market Division at H-E-B. His family, including his brother Howard Butt III, the CEO, and his uncle Charles Butt, the chairman, are deeply rooted in the company. The Butt family's source of wealth stems from their ownership of the H-E-B grocery chain, a major player in the supermarket industry. The company, founded in 1905 by Florence Butt, has grown to over 400 stores across Texas and Mexico, generating billions in annual revenue. Stephen, along with his family, embodies the legacy of the company's commitment to community service and philanthropy, with H-E-B donating a significant portion of its pre-tax profits to charitable causes.

The Full Dossier

Early Life

Stephen Butt's family has been at the heart of H-E-B since its founding. His great-grandmother, Florence Butt, started the company in 1905, and the business has been passed down through generations.

Rise to Success

The Butt family's success is directly tied to the growth and expansion of H-E-B. The company's evolution from a single store to a major grocery chain with over 400 locations demonstrates the family's business acumen. Stephen Butt's role as President of Shareholder Relations reflects his commitment to the company's continued success. The company generates billions in annual revenue.

Key Business Strategies

The success of H-E-B is built upon a foundation of quality products, customer service, and a strong presence in the Texas and Mexico markets. Key to the company's strategy is its focus on specialty foods through the Central Market Division, and its commitment to giving back to the community.

Philanthropy

The Butt family is dedicated to supporting various philanthropic initiatives. H-E-B gives 5% of its pretax profits to charity and has committed millions to provide aid and recovery support to communities impacted by disasters. Stephen Butt, in particular, has been involved in efforts to support flood recovery efforts in Texas.

Career Timeline

2021

President of Shareholder Relations and Central Market Division, H-E-B

Currently serves in these key leadership roles, contributing to H-E-B's strategic direction and market position.

Philanthropic Impact

Disaster Relief$5M

Texas Flood Recovery Efforts

Committed $5 million in funding to support aid and recovery efforts in response to devastating floods across Texas.