I want our $1 billion business to stay in the family, but that doesn't mean I'll automatically hire my kids
Source: Business Insider ·
Tricia Wallwork initially pursued law instead of her family's business. She later joined Milo's Tea and became its third-generation CEO.
From the source
Tricia Wallwork is now the CEO of her family business.Courtesy of Tricia WallworkTricia Wallwork is the CEO of Milo's Tea, founded by her grandfather in 1946.She's grown the brand exponentially, and recently surpassed $1 billion in retail sales.She's learned about family governance from other family-owned companies, she says.This as-told-to essay is based on a conversation with Tricia Wallwork, CEO and Chair of the Board at Milo's Tea. It has been edited for length and clarity.When my grandad Milo returned from World War II, he married my grandma, Bea, the very next week. He likes to say he only had $20 and a footlocker, but he also had a vision: for a hamburger stand serving burgers, fries, pies, and sweet tea to Atlanta's steelworkers.That was the beginning of Milo's Tea. Since then, the business has had three distinct iterations: the initial burger stand, franchise restaurants that my dad and stepmother ran, and now the tea company that I operate. Tricia Wallwork's grandfather…
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- Event classification: OTHER.
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