THURSDAY May 13, 2021
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Daily Record JACKSONVILLE
Kroger plans to deliver groceries in Jacksonville
Daily Record WHAT CEOs MAKE JACKSONVILLE
According to public filings, the average fiscal 2020 compensation package JACKSONVILLE for the CEOs of Jacksonville-based public companies fell by 4% last year.
The Cincinnati-based food retailer is hiring an HR leader for the project.
Daily Record Daily Record EDITOR
THE TOP THREE OF 2020
JACKSONVILLE
Gary Norcross
Anthony Jabbour
James Foote
FIS Group
Black Knight
CSX
$17.91 million
$16.06 million
$15.31 million
The packages include salaries, cash incentive payouts and the estimated value of stock and option awards the executive received during the fiscal year. The Jacksonville data counters the national trend at big companies. The Wall Street Journal reported last month that the median CEO pay at 322 S&P 500 companies rose by 15%. Many executives took pay cuts as the COVID-19 pandemic affected business, but their total packages still rose because
the continued bull market increased the value of their stock awards. The biggest pay gain among Jacksonville executives did not come from stock gains, however. Dream Finders Homes Inc. founder and CEO Patrick Zalupski received a $4 million cash bonus last year, before the company’s initial public offering in January. Fidelity National Information Services
BY MARK BASCH CONTRIBUTING WRITER
Y
ou likely won’t see them getting sympathy, but CEOs of Jacksonvillebased companies made less money last year. The average fiscal 2020 compensation package for those local CEOs fell by 4% last year, according to public filings.
BY KAREN BRUNE MATHIS
SEE CEO PAY, PAGE 4
THE COMPENSATION CHART FOR ALL 17 CEOS, PAGE 4
Midwest grocery company Kroger is building-out a logistics operation in North Jacksonville to deliver fresh groceries. Kroger Fulfillment Network LLC, part of Cincinnati-based The Kroger Co., is the tenant for a 62,208-square-foot space at 1 Imeson Park Blvd., No. 200. The project is described as a cross-dock for mercantile goods, which means goods are brought in and quickly shipped out to their destination. The city issued a permit May 11 for Caddell Construction Co. LLC of Jacksonville to build-out the space at a cost of $205,000. Kroger representatives did not respond to questions through the afternoon of May 12. Kroger Logistics posted a job opening for a human resources generalist for its “new Jacksonville location.” The center is part of a new concept for Kroger, “where customer orders are picked daily by Fulfillment Center Associates and delivered to customer homes the following day in Kroger refrigerated vans by Deliver Drivers.” Kroger is using a hub-andspoke system for the service and has started it in Central Florida. It is hiring the position for the Jacksonville “spoke,” which appears to be similar to the Tampa spoke, an arm of the Groveland fulfillment center about 30 miles west of Orlando. As of Jan. 20, the grocer operated 2,742 supermarkets under Kroger and local banner names.
KMATHIS@JAXDAILYRECORD.COM (904) 356-2466
THE MATHIS REPORT
APR Energy relocating headquarters, warehouse Three hotels in development take steps. PAGE 3 VOLUME 108, NO. 126 • TWO SECTIONS