entrepreneurial professionalism
TRANSCRIPT
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Entrepreneurial Professionalism
Michael H. McCain Chief Executive Officer Maple Leaf Foods
January 6th, 2010
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In 2007…
Wallace & Harrison McCain Voted Greatest Canadian Entrepreneur of All Time
Opened First Plant in 1957 $100,000 Capital
Today 57 Factories; >20,000 Employees
>$6 Billion Revenue 1 in 3 Frozen French Fries Globally
Plus Maple Leaf Foods
No New Capital
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Historical Evolution
Building McCain
1957-1990
Family Conflict
1990-1995
Maple Leaf Story
1995 - Current
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They Did A Lot Right…
Focus on profitable growth
Single-mindedness of purpose
Hard work and passion
Dedicated to success of the business first
Perseverance
Broke through the entrepreneurial glass ceiling
Culture of Entrepreneurial Professionalism
Great people
Hands all over; managerial excellence
Systems and disciplines
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Did A Few Things Not So Well…
Strategic planning
Human capital development
Business governance
Family & business mix
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In 1995…
Maple Leaf Foods Acquired From The Edge of Demise
Public Company; Not Family Business 32% MCC/35% OTPP
>30 Acquisitions; Industry Roll Up
Today 91 Factories; >23,000 Employees
>$5 Billion Revenue Protein & Bakery
Evolution Of Development Cascading Obstacles/Crisis of 2008
Still Entrepreneurially Professional