Melanie Johnson & Jenn Foster, owners of Elite Online Publishing, interview Crystal Maggelet; about her book Building Value to Last, a story of being a third-generation, women CEO in the oil industry.
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What You’ll Learn in this Episode:
- How to keep innovating in your business.
- How to reinvest in your company.
- How to keep a generational business alive.
“What we have done is we have taken the cash flow from the businesses and reinvested, we have diversified our business, and we are not as all encompassing in petroleum anymore. Over time, my goal is that we diversify more and more.” (7:59)
“I take a lot of pride that we provide jobs that last, we don’t sell companies just to sell companies.” (13:02)
“For me, it’s been a huge advantage, is just being able to be a woman in a world where men are not used to dealing with women as much.” (16:52)
About Crystal Maggelet:
Crystal Call Maggelet is the CEO of FJ Management Inc., a diversified family business that includes wholly owned subsidiaries: Maverik, a 350 c-store chain and Big West Oil, a petroleum refinery. FJ Management also has a minority stake in Pilot Flying J. Other family businesses include TAB Bank, a community bank, and Crystal Inn, a small chain of hotels.
In addition to her current board role as Chairperson of the FJ Management’s Board, she is a director on the Pilot Flying J Board of Managers, a Director on the Savage Services Board, and serves on the Utah State Board of Higher Education, Liv Communities Board, Intermountain Healthcare Board, Salt Lake City-Utah Committee for the Games, and also the Zions Bank Advisory Board.
She is actively involved in managing the families charitable giving through the FJM Impact Fund which focuses mostly on education and scholarships. Crystal also co-chairs the Intermountain Healthcare Primary Promise Campaign and is a member of the Sundance Institute Utah Leadership Council.
Crystal holds a bachelor’s degree in Business Administration, from Pepperdine University. She also completed her college education with a Master of Business Administration from Harvard Business School and has an Honorary Doctorate Degree in Business from Utah State University, as well as Weber State University. In 2018, she was named the national E and Y Entrepreneur of the Year for Family Business.
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Video URL: https://youtu.be/huFQTn1-YBc