I want our $1 billion business to stay in the family, but that doesnt mean Ill automatically hire my kids

Image for article I want our $1 billion business to stay in the family, but that doesnt mean Ill automatically hire my kids
News Source : Business Insider

News Summary

  • Tricia Wallwork is the CEO and Chair of the Board at Milo's Tea.
  • She grew up in Birmingham, Alabama, but never wanted to work at the family business.
  • She became CEO in 2012, and since then, the company's growth has been "like a hockey stick" Wallwork: "I've surrounded myself with great advisors, who have helped me and the rest of the board be very intentional about family governance" "I like to say merit, not inheritance.
  • Sometimes, in family business, you see the older generation hanging on until the end," she says.
Tricia Wallwork is now the CEO of her family business.Courtesy of Tricia Wallwork Tricia Wallwork is the CEO of Milos Tea, founded by her grandfather in 1946.

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