James W. Keyes

James W. Keyes is currently the chairman of Wild Oats Marketing LLC. Previously, Keyes served as Chief Executive Officer of 7-Eleven, Inc., and chairman and CEO of Blockbuster, Inc.[1]

James W. Keyes
NationalityUnited States
Alma materBachelor of Science from College of the Holy Cross
Columbia Business School MBA, 1980
Occupationbusinessman
Known forChairman of Wild Oats Markets; previously, CEO of 7-Eleven and Blockbuster

Education

Keyes graduated cum laude and Phi Beta Kappa with a bachelor's degree from the College of the Holy Cross.[2][3] He also obtained an MBA from Columbia Business School in 1980.[2][3]

Career

From 1980 to 1985, Keyes worked for the Gulf Oil Corporation (now called Chevron).[4] Keyes joined CITGO Petroleum in 1985, which was then a subsidiary of 7-Eleven, Inc.[4] In May 1996, he became the chief financial officer of 7-Eleven Inc.[5] In 1998, he became chief operating officer of the company.[5]

In 2000, Keyes was appointed president and CEO of 7-Eleven, a position he held until 2005.[6] He retired from 7-Eleven when it was sold to Seven & I Holdings Co.[7] As president and CEO, Keyes implemented new retail systems technology that improved product assortment decisions.[8]

Keyes served as chairman and chief executive officer of Blockbuster, Inc., from 2007 to 2011.[9][6] In 2007, Keyes helped Blockbuster acquire Movielink, a streaming video service, to compete with Netflix and Apple TV.[10][11]

While Blockbuster was positioned to retain dominance in home video, the financial market collapse of 2008 made it difficult for the company to succeed.[12] With over $1billion in debt, the company was highly vulnerable to the economic downturn.[13][14] Keyes led a restructuring of the company in bankruptcy and facilitated a sale to Dish Network.[15][16][17]

Keyes is founder of the Education is Freedom foundation, which provides college scholarships for hard-working young students.[18]

Keyes has been a director of Murphy USA Inc. since August 2013.[19]

Keyes serves on numerous civic boards, including the American Red Cross national board of governors,[19] the Cooper Institute,[20] and the Dallas Education Foundation.

Awards

In 2005, Keyes received the Horatio Alger Award, which is given to leaders in the community who exemplify "honesty, hard work, self reliance and perseverance". In 2008, he was awarded the Ellis Island Medal of Honor.

References
  1. "Blockbuster Takes a Big Gulp". Fool.com. Retrieved March 9, 2009.
  2. "(PRN) Blockbuster Appoints Former 7-Eleven CEO James W. Keyes Chairman and CEO". Houston Chronicle. July 2, 2007. Retrieved September 29, 2020.
  3. Nugent, Tom. "College of the Holy Cross | Holy Cross Magazine". Holy Cross Magazine. Retrieved September 29, 2020.
  4. "Keyes Tapped to Head Up Blockbuster". CSP Daily News. July 2, 2007. Retrieved September 29, 2020.
  5. Nelson, Emily (October 25, 1999). "7-Eleven and Partner PepsiCo Cook Up Corn-Chip Casserole". Wall Street Journal. ISSN 0099-9660. Retrieved September 29, 2020.
  6. Flemming, Jack (February 21, 2019). "Former Blockbuster CEO Jim Keyes chops some more off his Redondo Beach mansion". Chicago Tribune. Retrieved September 29, 2020.
  7. Zaragoza, Sandra (January 1, 2006). "Jim Keyes, 7-Eleven both poised for change". Dallas Business Journal.
  8. Bond, Paul (July 10, 2007). "Blockbuster's Keyes to keep focus on consumer | Hollywood Reporter". Hollywood Reporter. Retrieved September 28, 2020.
  9. "Blockbuster Names James Keyes as CEO". CNBC. July 2, 2007. Retrieved September 29, 2020.
  10. "Blockbuster Gains Ground With Movielink Acquisition". WIRED. Retrieved September 28, 2020.
  11. Munarriz, Rick (December 10, 2008). "Blockbuster CEO Has Answers". The Motley Fool. Retrieved September 28, 2020.
  12. Paletta, Damian; Hilsenrath, Jon; Ng, Serena (September 18, 2008). "Worst Crisis Since '30s, With No End Yet in Sight". Wall Street Journal. ISSN 0099-9660. Retrieved September 28, 2020.
  13. Fritz, Ben (August 27, 2010). "Blockbuster said to be planning a bankruptcy filing". Los Angeles Times. Retrieved September 28, 2020.
  14. "Moody's lowers Blockbuster's PDR rating, CFR affirmed; outlook negative". Moodys. August 14, 2008. Retrieved September 28, 2020.
  15. "Blockbuster Assets Acquired by Dish Network for $320.6M". RIS News. Retrieved September 28, 2020.
  16. Musil, Steven. "Dish Network completes acquisition of Blockbuster". CNET. Retrieved September 29, 2020.
  17. Buskirk, Eliot Van (August 27, 2010). "Internet Fail: Blockbuster Reportedly Plans Bankruptcy". Wired. ISSN 1059-1028. Retrieved September 29, 2020.
  18. "James W. Keyes". Archived from the original on November 7, 2017.
  19. "Murphy Oil USA, Inc. - Investor Relations - Corporate Governance - Board of Directors". Murphy Oil. Retrieved September 28, 2020.
  20. "Board of Trustees - Cooper Institute". Cooper Institute. Retrieved September 28, 2020.
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