Convenience store chains that plan and implement successful leadership transitions are well-positioned to build upon their legacies and achieve new levels of success. But sometimes leadership transitions cannot be planned. This NAG session will discuss what c-store chains can do to ensure they have a viable strategy to groom leaders of tomorrow.
The convenience store industry proves time and again that innovation and hard work are the foundation that supports steady, meaningful growth. This growth isn’t only important from a sales standpoint, but is vital to a company’s long-term stability when analyzing the human element. After all, great leadership and great people drive successful businesses.
But whether you are a family-owned business or a Fortune 500 company, eventually you will have to transition to new leadership, and it can be a complicated process. In the fast-paced convenience store industry, c-store chains must be able to produce young talent that will guide the business into an uncertain future, but they must first learn how to identify the next generation of great young leaders. At the 2016 National Advisory Group (NAG) Conference in Savannah, Ga., three of the industry’s leading convenience store operators will come together to share how they rose through the ranks at their top quartile companies and explain how to prepare for the eventual transition of power.
Speakers for this important session include:
* Sonja Hubbard, Chief Executive Officer, E-Z Mart Stores Inc.
* Bill Kent, President and CEO, The Kent Cos.
* Bill Weigel, Chairman and CEO, Weigel Stores Inc.
The session will be moderated by Randy Fulkerson, president of ABC Consulting and the former president and CEO of Huck’s Convenience Stores.
Are You Prepared for Tomorrow?
Industry growth today, as it was decades ago, is a complex, multi-tiered web that requires everyone within in an organization to focus beyond their immediate needs and anticipate the needs of tomorrow. This is especially true when it comes to identifying the next generation of industry leadership.
For some organizations, this is a fairly simple process. The next-generation leaders will be family members who have grown up eating and sleeping convenience store operations since they were first old enough to say “turnover.” It’s these family-owned business that continue to be role models by virtue of their longevity, but also because of their commitment to greatness.
The stakes are simply much higher for a family business than a larger corporation. As Matt Thornton, CEO of Thorntons Inc., once said, “When your name is on the store, there is motivation every day to be great. No exceptions and no excuses.”
NAG and the Young Executives Organization (YEO) were designed to help the next-generation leaders have a group of their own that advances this philosophy and gives members an opportunity to interact with others in a similar position of maturing within the competitive convenience store industry. They also provide members a platform to express their ideas, leadership abilities and vision for the future of convenience retailing by encouraging capable executives.
To learn more about the NAG Conference in Savannah, Ga., from Sept. 11-14, visit www.nagconvenience.com. The full NAG Conference agenda can be found here. The early bird registration ends July 11. If you have any questions about NAG or the conference, contact NAG Executive Director John Lofstock at [email protected].