How the Mostyns won control by giving it up

It was a rough move, but stepping back from management helped the family owners of Craig Mostyn Group build an agribusiness champion on par with Warrnambool Cheese and Butter.

Robert Long Mostyn, one of the founders of the Craig Mostyn Group, did two farsighted things that set the business up for success, both of which were pretty tough on his son Bob, and he did one thing that held it back (he stayed on too long).

The first thing RL did was to write into the constitution that the business had to have a majority of non-family directors, and when he eventually retired in 1975 he appointed a non-family CEO to take his place, rather than his then 46-year-old son.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles