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A PRESENTATION TO
BIM National Conference Wednesday, 13th May 2015
by
Vincent Carton
Poultry Industry - up to 1960’s
Boiling Fowl Spring Chicken
2014 41m Birds
155,000T feed €239m
815 employees
Carton Bros, Poulterers since 1775
2013 40m Birds
151,000T feed €231m
784 employees
Succession – Carton’s Story Succession
1. William Carton 1723 – 1790 Carpenter/Livery stable
2. George Carton 1755 – 1804 Livery stable
3. Peter Carton 1787 – 1830 Poulterer
4. Denis Carton 1813 – 1865 Fowl & Game Factor
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 –
Carton Bros
Estd. 1775
Poultry & Game - 1775 - Present Boiling Fowl 1775 – 1960’s Turkey (Christmas) 1880’s – 1976 Rabbits 1890’s – 1956 Game 1890’s – 1980’s Chickens - 1961 – present 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
Carton Bros
Estd. 1775
Family Business Dilemmas • Family
– Happiness – Wealth transfer & growth – Togetherness – Fairness
• Business – Values – Meritocracy – Professionally managed
• Divorce / Spouses / Capital
1. William Carton (1723 – 1790)
2. George Carton (1755 – 1804)
3. Peter Carton (1787 – 1830)
4. Denis Carton (1813 – 1865)
Peter Joseph Carton (1851 – 1938)
Joseph Carton (1842 – 1921)
Thomas Carton (1844 – 1927) 5
Ado Carton * (1894 – 1990) 6 Vincent Carton
(1888 – 1963) Fonso Carton
(1885 – 1981) Thomas Carton
(1897 – 1967) Leo Carton
(1887 – 1913) Peter Carton
(1898 – 1936)
Hugh
7 Brian Ruth Ann Myles Garret Mary
Thomas Miriam Enid Helene
8 Vincent Justin
Kate Sophie Isabelle Geraldine Chloe Holly Aimee Alanna 9
Carton Bros
Estd. 1775 Family
Succession without a Plan
• Gen 1 to 6 • Gen 7 • Gen 8
– 1979 – Vincent – 1980’s – Not happening – The talk (1998)
• Learning's
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
Family in the Business
• Transfer timing – Crisis • Wealth transfer – what exists • Who selects the leader ? • Family engagement • Non family • Talk of failures
Learning's
Thank You