Schnuck Markets has a reason to celebrate. The grocer was selected as a “2022 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.
The 2022 designees are U.S. private companies that have demonstrated excellence in strategic planning and execution, a commitment to their people, and fostering a dynamic, resilient culture, as well as strong financials. This year’s designees continued to propel their businesses forward by prioritizing purpose, investing in their workforces and demonstrating their commitment to diversity, equity and inclusion.
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“We’re honored to be recognized as a ‘U.S. Best Managed Company,’” said Todd Schnuck, chairman and CEO. “We accomplish our mission to ‘Nourish People’s Lives’ through a shared strategic vision in our organization as well as through meaningful philanthropy in our communities. I commend our leadership team for its commitment to our customers and teammates, ensuring we consistently execute on what matters most in our stores.”
Applicants are evaluated and selected by a panel of external judges focused on assessing hallmarks of excellence in four key areas: strategy, ability to execute, corporate culture and governance/financial performance, according to the program's two sponsors. They join a global ecosystem of honorees from more than 40 countries recognized by the Best Managed Companies program.
The Best Managed Companies program is a mark of excellence for private companies. U.S. designees have revenues of at least $250 million. Hundreds of private companies around the world have competed for this designation in their respective countries through a rigorous and independent process.