Crystal is registered to vote in Salt Lake County, Utah. Part of being a great leader is accepting that you want someone to be better than you. In my estimation, if I was going to give you a report card, it would be that you rose to the top of your industry and profession through service before self. 569 views Jan 9, 2018 5 Dislike Share Save CREW Network Crystal Maggelet is CEO of FJ Management Inc., a diversified family business with wholly owned subsidiaries including Maverik, a. In front of her colleagues, I said, Maggie Woodward, with all due respect, is the finest female general officer in the entire United States military. She interrupted my speech. Crystal is an inspirational leader and has been recognized for her leadership and business acumen. In 2018, Marc contributed vocal recordings for Bohemian Rhapsody, a biographical drama film about Freddie Mercury. She has worked with top brands . I dont know how thats controversial that we have specific roles or specific strengths. Eventually in the early 1980s, with an acquisition my dad [Jay Call] made, we had a fully integrated oil company, from exploration and production to retail facilities. Those are huge opportunities, I hope, away from petroleum. Dive deep to learn more and gain valuable insights on work-life balance to take care of your career, family, and community. Distinguished Executive Alumnus awarded. At 27, she graduated from Harvard Business School, and two years later, she married a former Harvard classmate, Chuck Maggelet. "label":"RSS" Its not the mistake I made. I want you to step up and teach us what youve just said, but take us a little deeper, a little broader, because thats so powerful. Thats a simple answer, but I just was a woman in a mans world. person and made sure her siblings followed the same path. She was also passionate about the environment and was an active member of her local nature conservancy. You wouldnt have employees if you didnt do it because they leave. In this week's episode of the Eccles Business Buzz, we are honored to have Crystal Maggelet, current CEO and Chairman of the Board at FJ Management Inc. She is a former Eccles S I promised myself then and there that I would never leave my kids to selfishly go to work., My familymy picture-perfect familywas breaking into pieces.. is an example of hard work and dedication paying off and is an inspirational figure to many. It taught me to have control over our family business because we did have control from a stock perspective, but my dad taught us to trust this professional manager. I didnt give a lot to the community when I was raising the kids and working. Women have all of these qualities that we men struggle to not just find and discover but to sustain in our lives and our personalities personally and professionally. Crystal Maggelet is CEO and President of FJ Management Inc., and Founder of Crystal Inns Hotels & Suites. 1845 Walnut Street Suite 900 Philadelphia, PA 19103, Transformational Women in Family Business 2023, 2021 Family Business Executive Compensation Survey, Ben's Chili Bowl: A spicy landmark in the nation's capital. The second woman was brought out. Bette Midler is an iconic American singer, actress, and writer. Trustee at SOUTHERN MONTEREY COUNTY MEMORIAL HOSPITAL. Salt Lake City, Utah, United States. After earning a business degree, she worked for Flying J as a buyer and seller of liquid petroleum gas. I could leave that firm and find another company. I thought, That is brilliant because when women that came before us did get in that situation, they didnt always have an option. I thought that was brilliant advice. When I went to Harvard Business School, it was because I went to Boston. Crystal Inn had been started in 1994 as a partnership between Jay Call and his daughter Crystal Call Maggelet. I always tried to carry myself with respect. I have a lot of people around me. Wed had excellent professional management, but the CEO resigned and I took over in 2009. Take risks whilst you are young. People do see that. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. She is actively involved in managing the familys charitable giving through the Call Foundation which focuses mostly on education and scholarships. Ive been lucky. She says in her book how glad she was that she took the time to get to know herself before committing to a life partner. Maybe you looked at a resume and he or she did not have on paper the qualifications, but your gut said, He or she will fit into our culture. They emerged as one of your greatest leaders or managers. Public records show that the phone number (801) 531-0500 is linked to Henry H Davenport, Jenive Packer Runolfson. We lived in Brigham City, Utah. They need to go find another company because theyre out there. His name is Charles Chuck Maggelet and they have been married for many years. My dad passed away in 2003 in a plane crash and our company was run by a professional manager, a chief executive, and in 2008, when oil went from $140 to $30 a barrel, our company went into bankruptcy. Its not just a stepping stone. Do you have an experience like that? Through different eyes, different things happen. Women shouldnt suck it up if theyre in those situations. I knew that he was going to pass the company to our family. We are not perfect. All rights reserved. Those were my goals. They know me. When youre in a business and youre growing it, It does come down to the people who are going to help you grow that business in the end. How do you get ready for this amazing day that you say you welcome almost in a variety of ways because every day is a little bit different. Measure to Manage With Better Water Data, Catching Up to Climate Change By Tracking Big-Picture Patterns. I hope anybody does. "stitcher":{ Why worry about it? }); From an early age, Crystal was determined to make something of herself and to use her knowledge and skills to make a difference in the world. I didnt try to be a man or be part of a mans world. Theres a big difference between ego and self-confidence. Location: Salt Lake City, Utah Educational Background USU Attender BS, Business Administration, Pepperdine University MBA, Harvard University Huntsman School Interactions: Entrepreneur Leadership Series Speaker - November 3, 2021 Now we are building some assisted living. Were a family business. Trustee. Its fun. That creates opportunity. "sticky":false, What my dad did is he said, This is my company. "featured":false People can see that. CEO and President. You are very welcome. Surround yourself with people who are smarter than you, and dont be afraid to ask for help because most people are happy to. She has been instrumental in creating the Crystal Inn Hotel & Suites brand, which has been a great success. It is a story of a young woman who was never very close to her father, but who desperately sought his approval, and greatly admired his business skills, integrity, and trust in those who worked for him. Entrepreneur Crystal Call Maggelet led her fathers petroleum empire out of crises and into a secure diversified future, ready for her next generation to eventually take over. No longer would I be sitting on the sidelines watching as the company unraveled.. We have made great progress since then, doubling the size of our family enterprise. I was ready and willing to do whatever it took to get out of this mess. "url":"https://podcasts.apple.com/us/podcast/id1573990224", Blood, sweat and gears: How NASCARs first family stays in pole position, The Pew Charitable Trusts: Serving the public trust, Global Family Office Report 2021: Expanding family offices in North America enjoy returns and chase growth but prioritise cyber security over succession planning, FB Roundup: Scholastic Corporation, Hyatt Hotels Corporation, Virgin Galactic, Molly Heaney of JM Huber on family business values, communication and sustainability, FB Roundup: Medline Industries, Ferrero Group, Ford Motor Company. My advice for other family business leaders: Separate family and business. Report incorrect company information. Many of the 3rd generation or maybe by the 2nd generation expect it to be turned over to them. Required fields are marked *. Focus on your core values, which are integrity, respect, and excellence. That was truly a good deal. I also like outside activities, including skiing and running. Her favorite activities are running, skiing, and traveling. One of the reasons Lexi chose her major [Human Development and Ageing], I think, is because we identified the ageing population as an opportunity and very different from petroleum. I was a judge of the Miss USA beauty pageant and judges arent supposed to talk, but were kicking each other under the table. It is an approximate forecast of how rich is Crystal Ray and could vary in the range between $565.1K - $1.8M. To have the ability to provide secure jobs for people and to have the ability to give back in whatever ways are interesting to the next generation. A hotel business she started at 29 from the ground up, and that continues to flourish today. A few minutes with the chairman and CEO of FJ Management, Salt Lake City, Utah. Crystal Maggelet is a highly educated individual with a Bachelors Degree from Pepperdine University and a Master of Business Administration from Harvard Business School. I dont love what happens in our world where businesses are sold like used cars. Crystal Maggelet is a billionaire and one of the world's wealthiest individuals. Rick Bozzelli. Karene Reid Shares How His Family Taught Him Love, Sacrifice, Hard Work, Education And Loyalty, Micah Bernard Dives Into His Journey To Playing Football At The University Of Utah And What It Takes To Be Successful, Devaughn Vele Shares What Inspired Him To Serve A Church Mission And Return To Walk-On As An Eventual Football Star At The University Of Utah, Lander Barton Discusses The Transition From High School Athlete To Starting As A True Freshman In College, Braeden Daniels Shares How Hes Grown Both As A Football Player And A Person Since First Stepping Foot On Campus As A Freshman, Cole Bishop Shares Why He Committed To Playing At Utah Before Stepping Foot On Campus, Junior Tafuna Shares How His Polynesian Family Influence Helped Him Become An Award-Winning Defensive Lineman On And Off The Football Field, Solomon Enis Shares How His Father Helped Guide Him To Success By Focusing On His Mindset And Preparation Both On And Off The Field, RJ Hubert Shares How His Competitive Mindset Helps Him Succeed Both On And Off The Field, Dalton Kincaid Dives Into Who He Is Off The Football Field. First job at this company: I was on the board of directors at age 18. With a focus on building a better future, we take pride in supporting education and our community through our FJ Management Impact Fund. How may I help others become better? I was born in 1964. How would you like to see your family business grow when you hand over control to your daughter? Thats probably one of my most like gut-feel because if I would have let my brain get in the middle of that decision, it would have been pretty scary to think about what that was going to intel. Crystal Maggelet grew up in a small town here she was surrounded by her loving family. Did they have the same mindset that they could do anything that they believed in? The juggler only controls the ball in her hand. The importance of family business continuity planning, FB Roundup: David Fattal, Sanjeev Gupta, Ted Lerner, Victoria Engelhorn: Becoming more than her family name, Tech Bio: Why data-driven technologies are the way forward, The Family Business Consulting Group, Inc. Its not just how Ive carried myself. You seem to have circumvented that and turned it into an either/and proposition. People absolutely love to come into the Flying JS and the Maveriks. Im a professional speaker. The beauty nowadays is there are companies that dont look at men, women, color, or anything. Im hopeful that at least one of them will step in, but in the meantime we have great executives leading the business. I did not ever find it that hard. They are just all-out gray companies. Sharon M. Evans. Can you push that aircraft to its ultimate capacity and potential that it was built to do? I think that, Lexi and her brothers and sisters are 20 to 25, so there maybe another CEO in between maybe, but I think and hope that one of them becomes CEO eventually, but I am not sure it will go from me to them directly. In her free time, she enjoys spending time with family and friends. Were not perfect, but I certainly strive to do that and hope that if somebodys not that type of employee for us, they dont last long because I do believe it does take everyone in our organizations. I really admire him for doing it as its a very hard role to play. Your email address will not be published. Very seldom do I not work out. Preparing Crystal's profile View Crystal's Email & Phone (It's Free) 5 free lookups per month. Crystal Maggelet is the President and CEO of FJ Management, Inc. Is it finding people who are natural leaders? It depends, between 5:30 and 7:30 on the weekends. I took advantage of them. He told and taught me and I watched him to be respectful, have integrity, and be truthful. Read Building Value to Last by Crystal Maggelet,Sarah Ryther Francom,Laura Best Smith with a free trial. The Harvard Business School graduate and winner of the national 2018 EY Entrepreneur of the Year for Family Business Award is also a mother to her four children aged 20 to 25. Crystal Maggelet is a passionate and driven leader who has shown her commitment to her career and her industry by founding her own company. Crystal Maggelet is a highly successful entrepreneur, business executive, and philanthropist who has a net worth of $10 million. My gut told me that I could do it and that I should do it. Future succession plans: I have four children, ranging in age from their teens to their early 20s, who have all expressed an interest in the business. Follow your dreams and passions. What do you think are the big challenges and opportunities for the business over the next couple of years? She told me of a situation where it wasnt good for her in a firm of men. Several years down the road, he will have reached a new level of success and will have gained widespread popularity. Crystal Maggelet. At what age? She also follows a balanced diet and avoids processed food as much as possible. My dad left on Tuesday mornings and came back on Friday because his business was on the West Coast. The people in the wake are the people a lot of times. I love that. Maggelet may have experienced the satisfaction of paying back her creditors, but in the process, also personally had to console hundreds of employees who would lose their livelihood when Flying J merged with Pilot. }, Your email address will not be published. I know there's a ton of new entrepreneurial endeavors because of those checks we . "url":"https://overcast.fm/itunes1573990224/power-players-with-dan-clark", Crystal is actively involved in managing the family's charitable giving through the FJ Impact Fund, which focuses on education. "url":"", Revenue: $4 billion. Whats your toughest job, assignment, and challenge in growth? According to Us Weekly, Harris' prenuptial agreement did not grant her access to Hefner's fortune following his death. }, My familymy picture-perfect familywas breaking into pieces., Maggelet saw her mother, Teddy, struggle to find her own identity and new life for herself after the divorce, that included remarrying, only to divorce again soon after. It was in my DNA and also along the lines of confidence, no one ever told me I couldnt. "url":"#" The best person who is qualified to run the company should run the company, not a family member. Im not like up at 3:00 AM or something. We are starting a healthcare division and we have kind of a traditional family office that does a lot of private and public investing. Theyre not treated or not promoted. We are about to open our first psychiatric hospital for geriatrics. Over the past 5 years, we have donated over $6 million through scholarships and education programs throughout the State of Utah. "tracks":[ She learned that from her mom: prepare yourself through education. Flying J retained its oil and refining, banking, & insurance businesses, along with its interest in the Crystal Inns motel chain. Best thing about working in a family business: Our employees, and being able to impact our economy. I try to do a little bit of that for our family without putting pressure on them. You dont want to miss this episode with Crystal Call Maggelet. He earns money from a variety of sources, which has propelled him to the top of the list of superstars so swiftly. I did that. Crystal Call Maggelet is listed at 4 E Dartmoor Ln Salt Lake City, Ut 84103-2279 and is affiliated with the Republican Party. Crystal Maggelet's life has been a journey of challenging opportunities, from starting a hotel at the age of 29 with no experience to leaving her stay-at-home mom role to lead her father's business out of bankruptcy. That is a lot of it. She says, A woman is only equal to a man when she acts like a woman. I think I still had the scar on my shin when the guy next to me kicks me. Other family businesses include TAB Bank, a community bank, and Crystal Inn, a small chain of hotels. Thats something you continue to learn. Five years had passed since her father, Jay Call, had started his Flying J gas station business in 1968. Today, Maggelet praises her mother for her fortitude and tenacity. Go get prepared. At the time, we didnt have the financial structure to weather that. I need help. The more people you can trust and take on responsibility, the more you can accomplish. Key Executive Tracking. After earning a business degree, she worked for Flying J a. Tell us about your siblings. She is involved in managing her familys charitable giving through the FJM Impact Fund, which focuses mostly on education and scholarships. That was 44 years ago. Crystal Call Maggelet is the CEO of FJ Management Inc., a diversified family business that includes wholly owned subsidiaries: Maverik, a 370 c-store chain and Big West Oil, a petroleum refinery. The company is pretty complex and they will have a lot of years and we will have to train them to take over. Thats not self-confidence. Midler is best known as 'The Divine Miss M'. I dont know that I can say that I know how to do that. The case studies she pored over in business school came to her mind, but the only difference was that this case wasnt going to end when the class was over. You could argue, I dont know. It was an $18 billion sales company with 11,000 employees. Maggelet knew her decisions would affect thousands of lives, and the employment of thousands of workers. He did not have that same mindset, unfortunately. We have plenty of options. Below are the richest people in Utah. Afterward I returned and started Crystal Inn hotels, and my father and husband joined me as partners. What Crystal has taught me, among many things, is, You can climb into a cockpit of a fighter jet or a bomber in the military. Copyright 2020 byFamily BusinessMagazine. We had chosen her in our own little way to be the first runner-up, When does a woman equal to a man? She looks right into the camera. 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