Dan Bane

Dan Bane (born c.1947) is the Chairman and CEO of Trader Joe's. Bane graduated in 1969 from the University of Southern California with a Bachelor of Science degree in Accounting. While at USC he was a member of the National Champion Trojan baseball team. His brother, Eddie Bane, is a former major league baseball player and in 2010 was the Director of Scouting for the Los Angeles Angels of Anaheim.

After graduation Dan Bane went into the accounting business working for various southern California firms. While out in the accounting field, Bane had the opportunity to work directly with two different types of businesses: retail and law firms. He likes working with people rather than numbers, and decided it was time for a change.^[1]

Bane started at Trader Joe's in 1998 as the president of Trader Joe's West. In July, 2001 he was promoted to CEO of Trader Joe's. Mr. Bane may be best known as the radio voice of Trader Joe's. In 2002 he made a key decision to bring Charles Shaw wine to Trader Joe's. Today Trader Joe's sells 13 million cases of Charles Shaw wine per year.^[2]

Dan Bane was named to Board of Directors of ABM Industries in 2008.^[3]

“We at Trader Joe’s are simply focused on getting better at what we do every single day. We’re not concerned about what other retailers say and do," said Alison Mochizuki, spokeswoman for Trader Joe’s.^[4]

Bane shared his and the company’s philosophy on how to work as a team. "We focus on doing it better than the day, month and year before." Every employee of the company is held to a certain set of values, which they base their decisions upon. It is his job to see that those values are held to a high standard. It’s about keeping people on track.

Bane said that one vision is what keeps the Trader Joe's team together. The vision is the importance of integrity, the company’s emphasis on its unique products, and the need to create an experience for its customers that brings them back.^[5]

Keeping people on track means there is a lot of personal attention given to Bane’s associates, both at the corporate and store level. Dan spends two to three days a week physically in the stores. He takes on such tasks as bagging groceries, greeting customers, or talking to them about what they like or don't like.

Creating an even more personal environment within the company, Dan and his associates do not have secretaries. When he is not visiting the stores, he is in the office taking care of emails, meetings, phone calls and letters.^[1]

Dan Bane considers his time at Trader Joe’s "the best job in America".

References

1. ^ ^{a b} Dan Bane - Chairman & CEO of Trader Joe's Retail Management Institute Newsletter -Fall 2003
2. ^ Two-Buck Chuck & Traders Joes -- Innovative Marketing Grandlay.com, June 9, 2007
3. ^ ABM Industries Names New Independent Director MarketWatch, September 29, 2008
4. ^ Dan Bane Supermarket News, July 17, 2008
5. ^ Trader Joe's - Where Values Drive The Brand Flooring the Consumer, April 17, 2007

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