Alfred Jackson Billes,
CM (December 1, 1902 - April 3, 1995) was a
Canadian businessman and co-founder of
Canadian Tire
Canadian Tire Corporation, Limited is a Canadian retail company which operates in the automotive, hardware, sports, leisure and housewares sectors. Its Canadian operations include: Canadian Tire (including Canadian Tire Petroleum gas stations a ...
.
Biography
Born in
Toronto, Ontario, at age sixteen, he went to work as a clerk at a branch of the
Dominion Bank
The Dominion Bank was a Canadian bank that was chartered in 1869 and based in Toronto, Ontario. On February 1, 1955, it merged with the Bank of Toronto to form the Toronto-Dominion Bank, which is known as the present-day TD Bank Group.
History
...
. In 1922, he used his savings to team up with his brother
William to buy Hamilton Tire and Garage Ltd. in Toronto. The following year, the brothers moved the business to downtown Toronto where they began the conversion to a garage/retail business. In 1927, the brothers incorporated under the name
Canadian Tire
Canadian Tire Corporation, Limited is a Canadian retail company which operates in the automotive, hardware, sports, leisure and housewares sectors. Its Canadian operations include: Canadian Tire (including Canadian Tire Petroleum gas stations a ...
Corporation Ltd. and in 1934, Canadian Tire opened its first official associate store in Toronto, Ontario. The Billes brothers expanded into a full line of automotive products and home and garden supplies. They created owner/operated stores throughout the province of
Ontario and into
Quebec and the
Maritime Provinces. Then, in 1966, they opened a store in
Winnipeg, Manitoba and, by 1980, the most successful Canadian owned and operated franchise in the country's history had a nationwide network of dealer operated Canadian Tire Associate Stores.
On the unexpected death of his brother William in November 1956, Alfred Billes took over as President of Canadian Tire. He held the position for the next ten years and served as a director until 1988. When he stepped down as the company's president and
CEO
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
, the
Board of Directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...
named
Dean Muncaster
Dean may refer to:
People
* Dean (given name)
* Dean (surname), a surname of Anglo-Saxon English origin
* Dean (South Korean singer), a stage name for singer Kwon Hyuk
* Dean Delannoit, a Belgian singer most known by the mononym Dean
Titles
* ...
(b. 1934) as his replacement.
In 1976, Alfred Billes was made a Member of the
Order of Canada and in recognition of his contribution to the Canadian economy, was voted into the
Canadian Business Hall of Fame The Canadian Business Hall of Fame celebrates the outstanding achievements of Canada's most distinguished business leaders, past and present. Over 170 Order of the Business Hall of Fame Companions serve as inspiring examples for all young Canadians ...
.
Alfred Billes married Marjorie Kitchen Baldry his second wife but sons Fred and David and a daughter
Martha were by his first wife. He died in 1995 and was interred in the
Mount Pleasant Cemetery, Toronto.
A
publicly traded
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (list ...
company on the
Toronto Stock Exchange, Canadian Tire's Class A Non-Voting shares are widely held. However, the company has a dual share structure that gives voting control to the holders of a relatively small number of "Common" shares. Following the settlement of Alfred Billes' estate, in 1997, Martha Billes bought out her brothers and, through a substantial ownership of the "Common" shares, she has a controlling interest in the company.
In honour of Alfred Billes, the Canadian Tire Distribution Centre in Brampton, Ontario was named after him as the A.J. Billes Centre.
References and further reading
*Brown, Ian. ''Freewheeling''. 1989. Toronto: Harper & Collins
*McBride, Hugh. ''Our Store: 75 Years of Canadians and Canadian Tire''. 1997. Quantum Book Group. .
{{DEFAULTSORT:Billes, Alfred J.
1902 births
1995 deaths
Businesspeople from Toronto
Canadian Tire
Members of the Order of Canada
Burials at Mount Pleasant Cemetery, Toronto