John Mallone

John "Edward" Mallone(February 13, 1959 - January 18, 2022), was a Jesstopian-American businessman, investor, and entrepreneur, who served as the 4th CEO of Jesstopian Retail Giant Product Mart. He served from May 16, 2020 - October 1, 2021. He also served on the company's Board of Directors. On July 21, 2021, John Mallone announced that he would be stepping down as Product Mart's Chief Executive in January. On October 1, 2021, John Mallone was replaced by the current CEO, Ronald Chlabowy.

## Personal Information

### Nationality

* Jesstopian
* American

## Office Information

### Office

3300 Corporate Ave • Peach Tree • New Shire • Floor 19

### Address

3300 Corporate Ave • Peach Tree • New Shire • 59598

## Office Holders

### Term

May 16, 2020 - October 1, 2021

John Mallone was born on February 13, 1959 in Little Rock, Arkansas. He was born to well known artists, Tremblins the Band, who in 1960 became a multi-million dollar sensation of fans worldwide. He also was born to Mother Darcy Douglas- Mallone and Father Richard Mallone. Before his death, he resided in Bolton, New Shire.

## Education

During his first year in High School, he met life-long partner Sherry Mallone, who at the time was a senior. He loved school unlike most kids, and was often seen reading business laws, and practices. He also made it to Graduate school for Free with the help of his startup "No Hunger, No Problem" restaurant. During his college years, he was encouraged to take on the world of business, pursue his dream of one day becoming a Chief Executive Officer for one of the biggest retailers at the time in Jesstopia known as Keg-Mart(later to be replaced by Product Mart)

Mallone graduated from Yale Business School where he obtained his Bachelors in Business Management, as well as in Business Logistics and Data Management.

## Awards And Achievements

Throughout his life, John Mallone received several awards including several business related awards to State Business Certifications.

* Business Management Excellence Award
* Business Operations Proficiency Award
* New Shire State's Champion Of Education Award
* New Shire States' Champion Of The LGBTQ Award
* Recipient Of The Presidential Medal Of Great Leadership(Received On September 25, 2021)
* Notable Business Executive Award Of Fairness and Equality(Posthumously, January 22, 2022)

## Career

### Product Mart Leadership(May 16, 2020 - October 1, 2021)

Following the Departure of Former Product Mart CEO Thomas Cooke, Mallone was selected to lead Jesstopian Retail Giant Product Mart, which would include him fixing problems, organizing more stores, approving construction plans for Product Mart stores nationwide. Product Mart also became his 1st CEO Position to have happened in his retail career.

## Net Worth

### 2021 Net Worth

As Of April 1, 2021, John Mallone's net worth was listed at approximately J 38.2 Million. His net worth increased about 1.8 % of his 2020 Net Worth. Mallone's base salary is about J 2.1 Million/yr. Mallone has several investments in both Product Mart(PMT) stocks as well as Arrow Airlines(ARA). He holds the most shares in the company, than any other company executive.

### 2022 Net Worth

At the time of his death, Mallone was worth a 39.55 Million and increase of J 1,050,000 Million or an increase in salary of 2.16%. Mallone's net worth will remain steady after the Mallone collects on the late executive's assets are distributed among his named beneficiaries. Most of his money, will go to foundations which support young entrepreneurs, according to his will and testament.

## Contributions

### Product Mart Stores Inc

#### Brands and Services

* Established Product Mart Go
* Established Product Mart Express
* Established Corporate Connect
* Established PMPlus™

## Well Known Quotes and Sayings

* "Regression will not solve our world's problems, they will hinder our ability to progress towards solving the problems." - April 20, 2021
* "Let's Create Positive and Progressive change, together." - April 20, 2021
* ”Don’t be afraid to meet new people, but be afraid of losing the chance to meet new people.” - August 5, 2021
* ”Racism has no place in our company nor in our country. We must eliminate racial injustice within the communities in which we serve.” - August 7, 2021
* ”The only way to fail at something is to never attempt such thing.” - August 7, 2021
* ”Take on something you’ve never tried, and you may become very successful.” - August 8, 2021
* ”Steve Jobs didn’t watch others create history, he made history with taking risks.” - August 8, 2021
* ”Great leadership is not the result of one person, but as the collection of the company and team who works to ensure the company works ethically, fairly and non discriminatorily” - September 25, 2021

## Other Ventures

* On May 21, 2020, John Mallone launched his own eCommerce business, known as AZZI.

* On July 16, 2021, Mallone launched AZZI's website AZZIJST.com. The site resolves to a landing page, but is not currently accessible. The site is set to fully launch on January 1, 2022.

## Personal Information

### Nationality

* Jesstopian
* American

## Office Holders

### Term

October 1, 2021- January 18, 2022

On July 13, 2021, Product Mart announced that Mallone would be stepping down as CEO, to focus on his eCommerce business AZZI. On October 1, 2021, Mallone officially stepped down as Product Mart's Chief Executive and assumed the role as the Chief Executive of AZZI.

AZZI is the Jesstopian Equivalent of Amazon, and will serve the entire United States Of Jesstopia and its land and territories.

## Personal Life

John and Sherry Mallone have four sons. Their names are Jacob, Sam, Kevin and Ben. He is married to Sherry Mallone. Mallone died on January 18, 2022. He died of a stroke at the age of 62.

## Awards and Honors

On September 2, 2021, John Mallone was named a recipient to the Presidential Medal Of Great Leadership(Jesstopia’s Highest Honor for Business Executives). The ceremony took place on September 25, 2021.

## References

1. ↑ *Product Mart Corporate - Chief Executive Officer - Retrieved July 24, 2021 from Product Mart's Corporate Website*
2. ↑ *Product Mart Corporate - Chief Executive Officer - Retrieved July 24, 2021 from Product Mart's Corporate Website.*
3. ↑ *John Mallone - Product Mart History - Retrieved October 25, 2021*
4. ↑ *Passing Of Founder John Mallone - Retrieved January 18, 2022, AZZI Corporate*
5. ↑ *John Mallone To Be Given The Presidential Medal Of Great Leadership - Retrieved September 9, 2021*