Because of her undergraduate degree, coming from Pepperdine University, and getting an MBA from Harvard Business School, Crystal brings to the fight and to the daily schedule of a CEO of a leader in business so many different sides to decision-making and life in general. It is the people because youve got to find people that are smarter than you are. Because it is such a sellers market. 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. Did you find it tough to be a woman in a so-called mans world and a mans industry? Crystal Inn had been started in 1994 as a partnership between Jay Call and his daughter Crystal Call Maggelet. Crystal is actively involved in managing the family's charitable giving through the FJ Impact Fund, which focuses on education. First job at this company: I was on the board of directors at age 18. Crystal is also a successful entrepreneur who has founded and runs several businesses in the hospitality sector. We are about to open our first psychiatric hospital for geriatrics. Thats a great day when someone is better than you, smarter or whatever that skill set is. He was then offered to come to the University of Utah as a walk-on. For me, the things that I want to balance are my career, my family, and the community. I hope were one of them. "download", My guest is the amazing, talented, brilliantly smart Crystal Call Maggelet, who happens to be the CEO of FJ Management, wholly owned subsidiaries including Maverik and Big West Oil. What do you think are the big challenges and opportunities for the business over the next couple of years? "title":"Crystal Maggelet Shares Her Fascinating Business Journey And Climb To The Top Of Her Industry", Thats something thats the foundation of our businesses. In this episode, she joins Dan Clark to discuss the importance of business principles proven to drive your business to excellent results. Shes classy, sophisticated, and elegant like you. . I would hope I could have you back. This means that her monthly income is around $42k which is quite a big amount of money. She has a bachelor's degree from Pepperdine University and an MBA from Harvard University. Bloomberg Markets Americas. Find many great new & used options and get the best deals for Building Value to Last by Crystal Maggelet 9781423640127 | at the best online prices at eBay! I really admire him for doing it as its a very hard role to play. Thanks for having me. His absence, over time, caused her parents to drift apart. You want to get the education that you can for whatever position youre in and you want to work hard. If you have that in your back pocket as a woman, you are equal to anybody else in the room. Crystal was always a disciplined. Surround yourself with people who are smarter than you, and dont be afraid to ask for help because most people are happy to. When I was young and I wasnt in a position of authority when I first went to work, my first job was buying and selling LPG products, propane and butane, and running our refinery fleet of rail cars. Do you see one of your children being chief executive after you or do you think you will bring in an outsider? Founder and owner of the Crystal Inn and MacCall Management, a board member of Flying J and a member of the Jon M. Huntsman School of Business' National Advisory Board, Crystal Maggelet said her greatest success in life is being a . 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. She has been recognized for her work and has received numerous awards and honors. The juggler only controls the ball in her hand. What did the Global Financial Crisis and bankruptcy teach you? And even though he passed away, my dad had trained me very much through his actions and words that this guy was great and there was no one better to run our family business, so sit back and enjoy the ride because he is amazing. I wanted a job. Preparing Crystal's profile View Crystal's Email & Phone (It's Free) 5 free lookups per month. Youve got some wisdom. You can do deals all day long and grow a business. "cover":{ You dont want to miss this episode with Crystal Call Maggelet. From that moment on, I never quit working to exit bankruptcy successfully, she writes. Crystal Maggelet: Also, when we did the Maverik deal back in 2012, I was very proud because the day that we bought the company we wrote 72 checks to 72 Maverik stockholders who all were very happy to be able to go off, and take their money, and have a liquidity event, and go start now almost 10 years later. Crystal Hefner net worth is $20 million. Those were my goals. A couple of years later, we bought a convenience store chain, Maverik, and we have today 340 convenience stores. You mentioned that you trust your gut and intuition. In 2018, she was named the national E and Y Entrepreneur of the Year for Family Business. Books I think every family business leader should read: I like to read books about other family businesses and how they have been successful. "share", I always tried to carry myself with respect. We are starting a healthcare division and we have kind of a traditional family office that does a lot of private and public investing. Its exciting. She is best known for her involvement in the oil and gas industry, where she has earned a substantial fortune. It makes everybody stronger. Follow your dreams and passions. She was raised in a close-knit family. That has a lot to do with how I was brought up because my dad started our family business, Flying J, in 1968. She resented her mother for leaving her and Thad to fend for themselves. Focus on your core values, which are integrity, respect, and excellence. I just was myself. How must I think? Do you have to work harder? They know me. FORBES figures Call's net worth to be about $350 million. We know that successful leaders lead with a vision, and there is no better example of it than our guest for today's show, Crystal Maggelet. He is always willing to listen to her worries and concerns and gives her the best advice possible. After earning a business degree, she worked for Flying J as a buyer and seller of liquid petroleum gas. Below are the richest people in Utah. "label":"TuneIn" For reprint information, contactbwenger@familybusinessmagazine.com. Crystal Maggelet Title: Chairman & Chief Executive Officer Company: FJ Management, Inc. 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. Our companies are a little bit different place than they were then. "featured":false 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. October 2009 Not just for you and your family, but for the thousands of employees that you impacted generationally. Crystal Maggelet's email address c*****@fjmgt.com +1801550.. | Show email & phone number >>> I didnt give a lot to the community when I was raising the kids and working. If you care about employees, then other things matter. Crystal loves her role as a mother to her four children ranging in age from 21 to 26. Do your convenience stores have electric charging stations? If I could only give anybody five words of advice, it would be confident in yourself for the right reasons, prepare yourself, and get a good education. Crystal Maggelet's Email & Phone Number Chief Executive Officer and Chairwoman of the Board @ FJ Management. "imageUrl":"", here she was surrounded by her loving family. Do you have a routine? For Crystal Maggelet, the head of family-owned FJ Management, tapping into her ambition wasn't just about defining her company's future direction; it was a matter of survival. Other businesses include TAB Bank, a community bank, and Crystal Inn, a small chain of hotels. Youve got to be confident. We mostly were a retail company in general and, in 1979, one of my dads executives had an idea to build a truck stop, so they built one. We are actually developing healthcare businesses. In that process, I decided that one way to better myself would be to get an MBA. fuseboxPlayer(e.detail).setConfig({ I had no clue how to get a job. The executives are coming up. Thats a simple answer, but I just was a woman in a mans world. Take us there if you can think of an example where you trusted your gut and it turned out to be the best decision in your life. (My father passed away in 2003.) We have plenty of options. She represents you so well. He earns money from a variety of sources, which has propelled him to the top of the list of superstars so swiftly. Many family businesses focus on creating long-term value and place significant importance on supporting multiple stakeholders, including their employees. Is it finding people who are natural leaders? They naturally listen more. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); Copyright 2023 Celeb Clan | Powered by Astra WordPress Theme. Preparation leads to independence and confidence. Crystal Maggelet is the author of Building Value to Last (4.50 avg rating, 4 ratings, 2 reviews) and Building Value to Last (4.00 avg rating, 1 rating, 0. Self-confidence is you feel so good about yourself. "url":"https://overcast.fm/itunes1573990224/power-players-with-dan-clark", Be honest with people. I try not to worry about my kids or that employee. The people in the wake are the people a lot of times. She said to me, I had a choice. I was born in 1964. How do you fit it all in? "sticky":false, She has been instrumental in creating the Crystal Inn Hotel & Suites brand, which has been a great success. Crystal is registered to vote in Salt Lake County, Utah. How do you know that you can grow as fast as you want based on your focus on people? The second woman was brought out. It goes back to how you treat people. They know how I operate. No longer would I be sitting on the sidelines watching as the company unraveled.. You think like a juggler. Its my time. So, I want to be sure, as best I can, that our next generation are stewards of the business and understand enough so they can push back. I dont want to just give them a pile of money and say we have a family office because having an operating company and employees is challenging. You are a person. As of February 2023, the richest person in Utah is Jon Huntsman, Sr. Jon Huntsman, Sr lives in Utah. I worked for the company in the refining division for a couple of years after college, but left to attend Harvard Business School. Theyre not just trying to fill the gap where they could find someone or something better. Im not going to be fake. 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. You can make a difference. That puts you at the top of the hill and the head seat in every boardroom. Thats another thing. 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. Copyright 2020 byFamily BusinessMagazine. Theres no way every day that that happens. It will open other opportunities for other people too. }, We dont keep everybody. What do you look for? Crystal Maggelet attended Utah State University for two years and later transferred to Pepperdine. According to Us Weekly, Harris' prenuptial agreement did not grant her access to Hefner's fortune following his death. By Seth R. Hawkins. Its the natural step to take someones place. Required fields are marked *. I worked with most of the Fortune 500 companies. What my dad did is he said, This is my company. Background Report. The list goes on and on. I do believe that if a woman or a man is prepared in that way, in any situation they get in if they stick to, Im going to be myself. On behalf of everyone in the Intermountain West, the team knows about your family businesses and understands a little bit about you. In the meantime we ended up starting a bank and a credit card processing company and many businesses around the US trucking industry. She was not sure if they were talking about her. Her own four children are now grown and out of the home. That was a good decision. Maybe, thats probably the case. 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. Do you have an experience like that? I do some activities when I get up in the morning. She is actively involved in managing the familys charitable giving through the Call Foundation which focuses mostly on education and scholarships. }, Youve accomplished so much. 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. "tunein":{ Also, you dont have to know everything. Eight of the companies are still active while the remaining ten are now listed as inactive. They leave you saying, Im best when Im with you. I want to see you again. I appreciate you so much. Crystal is an inspirational leader and has been recognized for her leadership and business acumen. "episodeNo": 0, In this episode, Crystal Call Maggelet, CEO of FJ management and a graduate of Pepperdine University with an MBA from Harvard, shares her life and a fascinating business journey that includes being named the National EY, Entrepreneur Of The Year for Family Business in 2018, serving on the Liv Communities Board, Intermountain Healthcare Board, in Salt Lake City, Utah Committee for the Olympic Games and the Zions Bank Advisory Board. I was a little shy at first about that. His monthly income is around $47.5 million USD, and his daily income is around $1.58 million USD. I would have loved it if he did that for me. Whats your toughest job, assignment, and challenge in growth? Her favorite activities are running, skiing, and traveling Its very unusual to have both husband and wife in controlling positions. Crystal Maggelet Chairman & Chief Executive Officer of FJ Management Inc. On a day off I like to do anything with my family, especially take active vacations. 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. I love that. Crystal Maggelet's email address: xxxx@xxx.com | Find Crystal's Email, Social Profiles, and Mutual Contacts both you and Crystal know Crystal Call Maggelet is listed at 4 E Dartmoor Ln Salt Lake City, Ut 84103-2279 and is affiliated with the Republican Party. Crystal has appeared on the cover of Playboy magazine and has also featured in other publications such as GQ and Maxim. In this Read more, Listen to the podcast here After serving in a church mission,Devaughn Velefelt inspired to return to football. Do you see the day when you will have to sell your petroleum business due to social expectation and values? Crystal Maggelet has been associated with eighteen companies, according to public records. Some people come and go. I understand where that business is going, but I dont understand the timing of it. Its not a very sophisticated thing, but I rely on my gut a lot when I meet people and Im extremely trusting, too. Distinguished Executive Alumnus awarded. You could argue, I dont know. It was an $18 billion sales company with 11,000 employees. He built a family business empire with their familys reputation attached to it, and that, ultimately, meant more to Maggelet than all of the money her fathers company had amassed. FJ Management also has a minority stake in Pilot Flying J service stations. She loves him more than anything and they always support each other in every single moment of life. She smiles as she thinks back on her nave assessment of her mother. Crystal Maggelet grew up in a small town here she was surrounded by her loving family. Salt Lake City, Utah, United States. It was almost like, Dont even think that theres a career here for you, with one exception. Quote from our companys mission statement: Building value to last. In 2018, Marc contributed vocal recordings for Bohemian Rhapsody, a biographical drama film about Freddie Mercury. You continually prepared yourself to be able to take advantage of a family opportunity, and a solid business by getting your MBA from Harvard. She has won several awards, including two Tonys, three Primetime Emmys, and three Grammys. Later in my life, she became very entrepreneurial, too. Crystal Maggelet shares her fascinating business journey and climb to the top of her industry. People should not be shy about expressing to their leaders that they would like to learn more. } Best thing about working in a family business: Our employees, and being able to impact our economy. Best thing about this job: I have the opportunity to be in many different situations, and I learn something every day.One of our greatest successes: Emerging from bankruptcy after oil dropped from $140 a barrel to $30 a barrel in 2008. 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. I will circle back to something I feel extremely strongly about. Youre not going and saying, I did this. 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. I had not worked for the company at the time, I was on the board, and in three weeks, the professional manager was gone and I became CEO. "label":"RSS" I just think about what I have to do. The only routine in my life is I work out every single day, seven days a week. }); When Flying J did go into bankruptcy in 2008, I was a stay-at-home mom. At 85, if I could look back and say, For me, those three things were balanced, Ill be happy, but on any given week or day, no chance. I was ready and willing to do whatever it took to get out of this mess. It comes back to hoping we have mutual respect throughout our companies. Generation of family ownership: Second. 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 She is involved in managing her familys charitable giving through the FJM Impact Fund, which focuses mostly on education and scholarships. About Crystal Maggelet: Crystal Call Maggelet is the CEO of FJ Management Inc., a diversified family business that includes wholly-owned subsidiaries: Maverik, a 381 c-store chain and Big West Oil, a petroleum refinery. Im at a happy point in my executive team because a few of my executives are retiring, which is a happy moment. Crystal Maggelet is a passionate and driven leader who has shown her commitment to her career and her industry by founding her own company. I dont worry and stew about anything, as best I can not do that. Facebook; Twitter; LinkedIn; OGDEN, Utah-- Flying J Inc., which filed for Chapter 11 bankruptcy protection in December, said that Crystal Call Maggelet, chairman, will add the duties of president and CEO, assuming operational leadership of the company.She succeeds J. Phillip Adams, who resigned as president and CEO. Crystal Maggelet. If so, how did you battle that to rise to the occasion and rise to the top of the profession of your industry? We are not perfect. It is something you have to think about because you dont want to be buggy whip and trying to sell your company then, unless you build another company big enough and ride it into the sunset. 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. "rewind" "stitcher":{ Her favorite activities are running, skiing, and traveling. His entrepreneurial model of combining gas stations with convenience stores proved to be wildly successful with 23 such stations in California, Washington, Oregon, and Nevada. Wed had excellent professional management, but the CEO resigned and I took over in 2009. She is a great example of what hard work and dedication can do to help you achieve success. "label":"Overcast" Crystal is based out of Salt Lake City, Utah, United States and works in the Hospitality industry. Its interesting being the boss, sure. My gut said, You can do this.. Your reputation on the street is that you promote from within. Thats something you continue to learn. Read Building Value to Last by Crystal Maggelet,Sarah Ryther Francom,Laura Best Smith with a free trial. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. 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. Bryn Talkington Net Worth 2023 | Age, Height, Weight, husband, and More, Bobby Jain Net Worth 2023 | Age, Height, Weight, Wife, and more, Art Guttersen Net Worth 2023 | Age, Height, Weight, Family, Wife and More, So So Shanel Net Worth 2023 | Age, Husband, Daughter And More, Rachel Griffin Accurso Net Worth 2023 | YouTube Age, Height, Weight, Family, Husband and More, https://web.facebook.com/crystal.maggelet.1/, https://www.linkedin.com/in/crystal-maggelet-894a6a51/. We have made great progress since then, doubling the size of our family enterprise. It is a story that consumes most of her 246-page book. ] . From a young age, Crystal was a voracious reader, devouring books on the history of the oil and gas industry and entrepreneurship. She and the company's executives decided that FJM's new . Over the years, Maggelet has earned a considerable amount of money from her profession, allowing her to accumulate a substantial net worth. Her parents are Melanie Ray Harris and Lee Lovitt. The death of her father in a plane crash in 2003, forever altered any plans for a respite. She is the Chief Executive Officer & Chairwoman of the Board of FJ Management, a company which specializes in oil and gas exploration and production. Whats your secret sauce in creating this almost unexplainable? Mostly, families help families. Whatever I did, I wanted to do my very best because I didnt know what was coming. As well, we bought a pipeline and an oil refinery. Once you do that, you get accepted as a person I dont think youve looked at, I hope as a man or a woman. "buttons":[ This article may not be posted online or reproduced in any form, including photocopy, without permission from the publisher. FJ Management, Inc., formerly known as Flying J, Inc., is a diversified family. Im hopeful that at least one of them will step in, but in the meantime we have great executives leading the business. At what age? Women are naturally more nurturing. It helps you refocus your energy so youre not wasting it on nonproductive things. 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. You dont think like a multitasker. View FREE Public Profile & Reputation for Crystal Maggelet in Salt Lake City, UT - See Court Records | Photos | Address, Emails & Phone Number | Personal Review | Income & Net Worth In addition to her current board role as Chairperson of the FJ Managements Board, she is a director on the Pilot Flying J Board of Managers, a Director on the Savage Services Board, and serves on the Liv Communities Board, Intermountain Healthcare Board, Salt Lake City-Utah Committee for the Games, and also the Zions Bank Advisory Board. It seems like in almost every episode, I brag about the significance of the conversation that Im going to have with the guests. She was appointed to the position after Flying Js CEO resigned following a series of poor investment choices that forced the company, just as the U.S. economy was tanking, to announce that it was filing for Chapter 11 bankruptcy. What is it like to be your husbands boss? According to a survey, her yearly income is around $500k which is an impressive figure. In this episode, Karene Reid shares how his family taught him love, sacrifice, hard work, Read more, Listen to the podcast here When nobody believes in you, you have to believe in yourself. George Soros. "file":"https://feeds.podetize.com/ep/4ScgSH4d5/media", CFO. It just means that thats not our intent. Women do end up in situations sometimes. But we are trying. Her success in the Oil and Gas, Hospitality, and Entrepreneur fields have enabled her to achieve financial security and stability. 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. She is a woman who believes in staying fit and healthy and has managed to keep her weight around 82 Kg. 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. "title":"Power Players with Dan Clark", Maybe. What a great leadership teaching moment where you already have people in your succession planning pipeline who have learned and have the same mindset, heartset and work ethic. You cant believe it. Thats ego. 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. Theres a big difference between ego and self-confidence. People do feel the commitment. You said, Ive given her a wonderful raise. She should be driving a new truck by Thursday because she is your incarnate. "url":"#" "label":"Stitcher" The Utah Statesman. At the time, we didnt have the financial structure to weather that. No credit card required. I think it would have been helpful to me had I had a more specific training plan and not just dumped in the business. I was 22 when I first worked for the company. How do you make them feel like they belong, are needed, and are part of something larger than life? Share it with the world. She learned that from her mom: prepare yourself through education. Current Leader Bernard Arnault: $190 Billion Top 50 Richest Boxers Browse the. Discover similar people. First job at this company: I was on the board of directors at age 18. REXBURGOn Wednesday, Maverik chain owner Crystal Call Maggelet watched her grandmother, 94 year old long-time Madison County resident Verla Brown, cut the ribbon at a Maverik store opening.. Free shipping for many products! A hotel business she started at 29 from the ground up, and that continues to flourish today. 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. On the wall: Family photos, which indicates how important my family is to me. Crystal Call Maggelet is President/CEO at FJ Management Inc. See Crystal Call Maggelet's compensation, career history, education, & memberships. "url":"", Let me throw something out about my experience with family-owned businesses. and quickly rose through the ranks thanks to her dedication and hard work. Serving in a church mission, Devaughn Velefelt inspired to return to football have..., is a happy point in my life is I work out every single day, seven a... 2003, forever altered any plans for a respite Number Chief executive after you or do you know that can. And Y Entrepreneur of the oil and gas industry and entrepreneurship of sources, which is quite big... The morning several awards, including two Tonys, three Primetime Emmys, and Entrepreneur fields have her. Knows about your family businesses and understands a little bit about you and continues., and excellence $ 18 billion sales company with 11,000 employees which indicates important... 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