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Scituate's Jack Conway & Co. to remain independent after CEO, daughter takes full ownership

Posted by Jessica Bartlett  December 3, 2012 12:05 PM

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photo courtesy of Jack Conway & Co.

Patti Conway, wife of company founder Jack Conway, presents a stock certificate representing full ownership in the company, to her daughter, CEO Carol Conway Bulman.

The CEO of Scituate's Jack Conway & Co. has maintained a pledge to keep the real estate company independent after taking over the full ownership of her father's business.

Carol Conway Bulman, CEO of Jack Conway & Co., has been the head of the company since December 2009, however she officially took over the ownership of her father’s company in November after the real estate mogul passed away in July.

The official transfer took place at the Conway Country Thanksgiving breakfast, where Jack Conway’s wife, Patti, presented Bulman a stock certificate that transferred the full ownership of the 56-year-old company.

“Your father was so proud of your achievements as CEO during these last few turbulent years in our industry,” Patti said during the presentation. “As you know, I’m not fond of public speaking, but I promised your dad that I would make this presentation to you publicly.”

Bulman pledged to maintain her father’s legacy, keeping the organization new, expanding, and customer-driven.

“I ask you all to join me in preserving the phenomenal work of art that Jack Conway created and nurtured for so many years,” Bulman said. “Our company has a solid foundation, carved by a master sculptor, and it’s our job now to build upon it, while ensuring that it remains steady and forever firm.”

Though Bulman has worked as CEO of the real estate company since late 2009, Jack Conway continued to work as chairman of the board, and remained active in the company until his death.

Jack Conway also retained ownership of the organization until cancer took the 88-year-old from his family and career.

According to Al Becker, Director of Marketing for the organization, the transfer was incredibly meaningful to the staff, and is a representation that the company will remain independent and family-driven.

“The most symbolic part of it is agents know that Carol is committed to keeping this a family company and keeping it with local ownership for the future. From the perspective of who was in the crowd that day, that’s the most important part of it,” Becker said.

Already Bulman has carried the company on steady shoulders, as the organization has continued to grow and succeed with a renewed, more modern energy, Becker said.

“[We’ve grown] leaps and bounds, technology probably begin the most obvious in terms of the tools we have for agents and for our customers, but also modernizing the facilities as well,” Becker said. “Without being critical of the past, changes have to be made all the time to move forward. That’s what she has - that vision of what she wants.”

Moving forward, keeping Conway & Co. the largest, independent real estate company in their market area continues to be a focus, as does maintaining previous years success.

In 2011, the company saw $546 million in sales volume and 1,842 transactions.

Keeping Conway & Co. a quality place to work is also key for Bulman for the future, Becker said.

“Any real estate company wants to be number 1, and we want to have a good business model, but also a place where people want to work, and people can create a life for themselves here so that they can have lives outside of the company that are fulfilling as well,” Becker said.

For more information about the company, click here.

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