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.



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