First job at this company: I was on the board of directors at age 18. The best person who is qualified to run the company should run the company, not a family member. That was truly a good deal. In the Law of Attraction, we dont attract whom we want. Crystal Maggelet is an American entrepreneur, oil and gas executive, and businesswoman. He is CEO of Maverik, our convenience store business. Lets start with where you grew up, how you grew up, and how did you get this entrepreneurial spirit and self-confidence that you could do anything regardless if you were a male or a female? She is a highly respected member of the oil and gas industry and is a leader in the field. Best thing about working in a family business: Our employees, and being able to impact our economy. How do you fit it all in? "buttonConfig":{ For the first time, she had her own room and a bathroom she shared with her only sibling, Thad. She is the Chief Executive Officer & Chairwoman of the Board of FJ Management, a company which specializes in oil and gas exploration and production. You have leadership skills that you can trust to help you build and grow the way you want to. On a day off I like to do anything with my family, especially take active vacations. He has been involved in the industry for more than two decades and is currently estimated to have a net worth of around $20 million. Net Worth in 2019: $3.6 Million: Net Worth in 2018: $3.0 Million: Early Life. It is a story of a young woman who was never very close to her father, but who desperately sought his approval, and greatly admired his business skills, integrity, and trust in those who worked for him. Once you do that, you get accepted as a person I dont think youve looked at, I hope as a man or a woman. 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. Thats where my resilience started, she says during an interview in Jon M. Huntsman Hall following a day of meetings as a Utah State University Board of Trustee. "url":"#" It comes back to hoping we have mutual respect throughout our companies. On the wall: Family photos, which indicates how important my family is to me. Some of these are integrity, mutual respect, and humility. Because it is such a sellers market. Very seldom do I not work out. Net Worth: $250 Million. This story might have ended happily-ever-after back in the early 2000s when she and Chuck had built up 11 gleaming Crystal Inns and felt like they were finally in a good place to step back and spend more time with their children. They have to sell out, be one of the boys, or whatever the vernacular, the stereotype is. People do feel the commitment. FJ Management also has a minority stake in Pilot Flying J service stations. Mike McDorman. We are about to open our first psychiatric hospital for geriatrics. His name is Charles Chuck Maggelet and they have been married for many years. 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. We had chosen her in our own little way to be the first runner-up, When does a woman equal to a man? She looks right into the camera. Those are huge opportunities, I hope, away from petroleum. Everything that youre involved with as a family wears an umbrella. You cant believe it. Thats ego. Be very humble and down to earth as best you can. } You think like a juggler. Preparation leads to independence and confidence. At 27, she graduated from Harvard Business School, and two years later, she married a former Harvard classmate, Chuck Maggelet. We are not extremely risky. person and made sure her siblings followed the same path. Your email address will not be published. Maggelet is the chief executive of FJ Management Inc, a diversified family business headquartered in Salt Lake City that includes wholly owned subsidiaries Maverik, a chain of 340 convenience stores, and Big West Oil, a petroleum refinery. I still feel that way now. We are starting a healthcare division and we have kind of a traditional family office that does a lot of private and public investing. Trustee at Clark State College. I didnt try to be a man or be part of a mans world. They know me. Did they have the same mindset that they could do anything that they believed in? Do you have to show that youre smart and work harder to gain respect? To avoid confusion about company names, Flying J was renamed as FJ Management, Inc. Every family has different situations. We spent a year and a half restructuring and paid everyone back. 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. After her father's tragic death in 2003 and his company entering bankruptcy in 2008, Ms. Maggelet was left to pick up the . Its not the mistake I made. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); Copyright 2023 Celeb Clan | Powered by Astra WordPress Theme. "label":"Overcast" He started with just a $300 trade, so his success should be an inspiration to many. fuseboxPlayer(e.detail).setConfig({ }); Believe in your capability to climb to the top because you are meant to achieve great things. Rick Bozzelli. Thats our mission. "label":"Stitcher" Thank you for everything youve done. You can be male, female, Black, Brown, or White, and the jet does not care. Crystal Maggelet's Email & Phone Number Chief Executive Officer and Chairwoman of the Board @ FJ Management. In another test, you use a spoon to lightly tap just beneath the rim of the glass; if you hear a musical note, it's crystal, but if not, it's just glass. After completing her studies, she decided to embark on a career in Oil and Gas industry. 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. You need to find people who are smarter than you are. Its fun. She taught me that I could do whatever I wanted and to believe anything was possible. "file":"https://feeds.podetize.com/ep/4ScgSH4d5/media", She has won several awards, including two Tonys, three Primetime Emmys, and three Grammys. Your use of this site is governed by the Terms and Conditions. If you have that in your back pocket as a woman, you are equal to anybody else in the room. It helps you refocus your energy so youre not wasting it on nonproductive things. For reprint information, contactbwenger@familybusinessmagazine.com. Your husband is the president. She has been instrumental in creating the Crystal Inn Hotel & Suites brand, which has been a great success. Crystal works at Crystal Inn Hotel & Suites as Founder. You are a person. Within a year of moving to their new house, they filed for divorce. 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 She does a variety of exercises to stay fit and healthy, such as running, yoga, and pilates. That doesnt mean we would never ever sell a company. The juggler only controls the ball in her hand. READ MORE: Marc Anthony Net Worth. If you had one hour to live, what would you say to the world? Ray Dalio - Net Worth. Her favorite activities are running, skiing, and traveling View Crystal Maggelet's email address (c*****@crysta***.com) and phone number. Did you find it tough to be a woman in a so-called mans world and a mans industry? Its an either/or proposition. They are part of the Executive team within the C-Suite Department and their management level is C-Level. Her salary is an indication of her hard work and determination to succeed and reach her goals. As well, we bought a pipeline and an oil refinery. 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. I love that. "label":"Spotify" No longer would I be sitting on the sidelines watching as the company unraveled.. 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. FJ Management's key executives include Crystal Maggelet and 2 others. Crystal Maggelet shares her fascinating business journey and climb to the top of her industry. The Utah Statesman. "google":{ FJ Management also has a minority stake in Pilot Flying J. In 2015, she received an honorary doctorate from USU, where she completed her first two years of college in the early 80s before graduating, at 21, from Pepperdine University. He earns money from a variety of sources, which has propelled him to the top of the list of superstars so swiftly. She is a woman who believes in staying fit and healthy and has managed to keep her weight around 82 Kg. Entrepreneur Crystal Call Maggelet led her fathers petroleum empire out of crises and into a secure diversified future, ready for her next generation to eventually take over. }, She has earned her wealth through her modelling career, reality TV show, and business ventures. I took advantage of them. He told and taught me and I watched him to be respectful, have integrity, and be truthful. She has been recognized for her work and has received numerous awards and honors. on October 3, 2008 at 12:00 am. There is one thing that Ive noticed in my interaction with my beautiful family. Key Executive Tracking. Is it fair to say that the Truckstop business and the oil and gas business are more male-dominated than female-dominated? Surround yourself with people who are smarter than you, and dont be afraid to ask for help because most people are happy to. I always say to people, Balance happens over a lifetime.. The company is pretty complex and they will have a lot of years and we will have to train them to take over. Instead of sucking it up in some places where they find themselves, if more women or people would go find another company, pretty soon everybody would have to treat everybody well. Im not probably as good as Id like to be about this, but I hope we show acknowledgment and appreciation throughout our organizations for our people, even down to the lowest levels. "url":"https://overcast.fm/itunes1573990224/power-players-with-dan-clark", She is the Chief Executive Officer & Chairwoman of the Board of FJ Management and Founder of Crystal Inn Hotel & Suites. "subscribe" "url":"", I just was myself. Maggelet earned her undergraduate degree in Business Administration from Pepperdine University and her MBA from Harvard. Location: Salt Lake City, Utah Educational Background USU Attender BS, Business Administration, Pepperdine University MBA, Harvard University Huntsman School Interactions: Entrepreneur Leadership Series Speaker - November 3, 2021 She smiles as she thinks back on her nave assessment of her mother. Thats something thats the foundation of our businesses. October 2009 We have made great progress since then, doubling the size of our family enterprise. 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. We have 8,000 employees and not all those employees may always live by the guiding principles that we have at FJ Management, but we strive to do that. Her career in this field has been incredibly successful, and she has gained extensive knowledge and experience. Youve accomplished so much. I just think about what I have to do. Im going to be thoughtful about what I say. All those things quickly will be respected by respectable people. Thats a great day when someone is better than you, smarter or whatever that skill set is. "url":"https://podcasts.apple.com/us/podcast/id1573990224", My moms whole side of the family hadnt graduated from college. Save my name, email, and website in this browser for the next time I comment. Take risks whilst you are young. Thank you. That message is important. Books I think every family business leader should read: I like to read books about other family businesses and how they have been successful. Thats number one. He believed and taught me that the best person who is qualified to run the company should run the company, not a family member. 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. I promised myself then and there that I would never leave my kids to selfishly go to work., My familymy picture-perfect familywas breaking into pieces.. Thats a message for all of us, not just for women. But we are trying. She led by example and started a Diet Center franchise company later in life. Its not easy. Distinguished Executive Alumnus awarded. Theres a big difference between ego and self-confidence. Youre not going and saying, I did this. In 2018, she was named the national E and Y Entrepreneur of the Year for Family Business. . It will open other opportunities for other people too. Im getting to know you. You mentioned that you trust your gut and intuition. Once I had a lot of women want me to mentor and talk to them. One day, my dad called me and did say, I have a job at Flying J. That was the LPG job I described earlier, You need to come and take it. I was grateful. As a closing comment, as a professional speaker, Ive discovered, especially when I had that first experience with General Maggie Woodward, understanding the significance of preparation that a man can be a role model to a man, but a woman can be a role model to both a man and a woman because you can get men to do things that other men cant get us to do. I hope they feel like they could walk into my office. CEO and President. Crystal Maggelet's email address c*****@fjmgt.com +1801550.. | Show email & phone number >>> Also, you dont have to know everything. We attract who we are. Be very respectful, have integrity, and be truthful. Either people felt bad for me or knew how nave I was, but even there, I felt I was treated with respect. Several years down the road, he will have reached a new level of success and will have gained widespread popularity. At some point, everybody wants to know whats your message to the world. That puts you at the top of the hill and the head seat in every boardroom. Its exciting. My father didnt graduate from college. }, When youre in a business and youre growing it, It does come down to the people who are going to help you grow that business in the end.
