Turning a century of family business into a family enterprise

Thursday, October 10th
14:00 - 15:15
Flamengo room

Clemens Family Corporation, USA
Philip A. Clemens, Chairman and CEO (3rd generation)

An enterprising family is more than a family business – it keeps innovation going and enables change and diversification as times and family members change. The Clemens family has been in business for over 100 years. The family has grown to include 636 people, 258 of whom are owners of the enterprise. Today they clearly see themselves as a family enterprise, but before 2000 they always saw themselves as a family business. They redefined and refocused from the Board down, while retaining roots and values.

Philip Clemens has spent his entire working career with the family business. He began in the legacy business, Hatfield Quality Meats, on a part time basis while going to school. He started on the clean-up crew and worked his way up to become the CEO of the company. The Clemens Family Corporation has annual sales of $750 million, employs about 2,200 people, and markets products all over the U.S. Mr. Clemens is active in his community and other organizations. From the Clemens family’s experience we will learn:

- How can a family business redefine itself as an enterprising family?
- What are the challenges when both renewing practices and working to preserve family values and roots?
- How can family members and owners be encouraged to support this decision?

Clemens Family Corporation, USA