DCU - Family Business Succession by Vincent Carton Poultry - PowerPoint PPT Presentation

A PRESENTATION TO DCU - Family Business Succession by Vincent Carton

Poultry Industry - up to 1960’s Boiling Fowl Spring Chicken

Carton Bros, Poulterers since 1775 2014 2013 41m Birds 40m Birds 155,000T feed 151,000T feed € 238m € 231m 865 employees 815 employees

Succession – Carton’s Story Succession

1. William Carton 1723 – 1790 Carpenter/Livery stable 2. George Carton 1755 – 1804 Livery stable Carton 3. Peter Carton 1787 – 1830 Poulterer Bros 4. Denis Carton 1813 – 1865 Fowl & Game Factor Estd. 1775 5. Thomas Carton 1844 – 1927 Joseph Carton 1842 – 1921 Partners, Carton Bros. Peter Joseph Carton 1851 – 1938 6. Vincent Denis Carton 1888 – 1963 Fonso Carton 1885 – 1981 Directors, Carton Bros Ado Carton * 1894 – 1990 Thomas Martin Carton 1897 – 1967 Leo Anthony Carton 1887 – 1913 Worked in Carton Bros Peter John Carton 1898 – 1936 7. Thomas P. Carton 1922 – 2012 Brian Carton 1924 – 1985 Directors, Carton Bros Myles Carton * 1928 – Hugh Carton * 1920 – 2003 8. Vincent Carton 1958 – Justin Carton 1959 –

Poultry & Game - 1775 - Present Carton Boiling Fowl 1775 – 1960’s Turkey (Christmas) 1880’s – 1976 Rabbits 1890’s – 1956 Bros Game 1890’s – 1980’s Chickens - 1961 – present Estd. 1775 Hatchery 1968 – 2008 Processing 1961 – present Feed Mill 1976 - present Eggs 1890’s - 1988 Tea 1930’s - 1969 Grocery 1890’s – 1976 Cash & Carry’s 1950’s - 1976 Butter 1880’s - 1970 Bachelors' Peas 1927 - 1938 Wines & Spirits 1850’s - 1965 Imported Tinned Fruit Agents 1950’s - 1986 Chilled Food Distribution 1991 - 2003

Family Business Dilemmas • Family – Happiness – Wealth transfer & growth – Togetherness – Fairness • Business – Values – Meritocracy – Professionally managed • Divorce / Spouses / Capital

Carton 1. William Carton ( 1723 – 1790 ) 2. George Carton (1755 – 1804) Bros Family 3. Peter Carton (1787 – 1830) Estd. 1775 4. Denis Carton (1813 – 1865) Thomas Carton Peter Joseph Carton Joseph Carton 5 (1842 – 1921) (1844 – 1927) (1851 – 1938) Fonso Carton Vincent Carton 6 Leo Carton Ado Carton * Thomas Carton Peter Carton (1885 – 1981) ( 1888 – 1963) (1887 – 1913) (1894 – 1990) (1897 – 1967) (1898 – 1936) Hugh Ruth Brian Ann Myles Garret Mary 7 Thomas Miriam Enid Helene 8 Vincent Justin 9 Sophie Aimee Kate Isabelle Geraldine Chloe Holly Alanna

Succession without a Plan • Gen 1 to 6 • Gen 7 • Gen 8 – 1979 – Vincent – 1980’s – Not happening – The talk (1998) • Learning's

Family in the Business a) Family Council & Charter b) Good Shareholder c) Summer work d) Criteria for next gen e) Skillset f) Passion g) Progression plan h) Choosing the leader i) Standing on the shoulders of giants

Learning's • Transfer timing – Crisis • Wealth transfer – what exists • Who selects the leader ? • Family engagement • Non family • Talk of failures

Thank You

DCU Centre for Family Business www.dcu.ie/centreforfamilybusiness Email: familybusiness@dcu.ie Phone: +353 1 700 6921 Linked In: DCU Centre for Family Business Quinn Family Foundation