Centers & Institutes

Centers & Institutes

Succession in Family Business: Experience of the McNeely and Murphy Families

Friday, October 8, 8:00 AM

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A rare opportunity to meet fellow family business owners, learn tactics you can use in your own business and gain helpful insights about succession. The seminar includes a conversation with Paddy McNeely, CEO of Meritex Enterprises and Richard Murphy, President and CEO of Murphy Warehouse.

Panel Members

Harry G. McNeely, III (Paddy) is CEO and Chairman of Meritex Enterprises in St. Paul, Minnesota.Meritex is a real estate investment and management company that provides warehouse space to tenants in seven markets across the Central U.S. The company is 96 years old and a third generation family-owned business. Paddy has been employed by the Company since 1991. Prior to Meritex, he was a commercial banker for 10 years at National City Bank of Minneapolis. In addition to his duties at Meritex, Paddy is active on other corporate and not for profit boards.

Richard T. Murphy, Jr. ASLA is the President / CEO of Murphy Warehouse Company, a supply chain logistics services organization that provides distribution, transportation, warehousing and value-added services for domestic and international clients. He is the 4th generation of Murphy to run the enterprises since its founding in 1904. Richard is a past Chair of the global Council of Supply Chain Management Professionals (CSCMP), a member of the University Of Minnesota Carlson School Of Management’s Supply Chain & Operations Advisory Board and most recently Executive Committee Chair of the Center for Transportation Studies (CTS), and Board Member of the International Warehouse Logistics Association.


Ritch Sorenson, Ph.D. is a full professor and teaches a graduate and undergraduate class in family business management at the University of St. Thomas. Ritch was an early pioneer in establishing a family business education. He continues to develop new courses and a new concentration in family business. Ritch is an associate editor for Family Business Review, the premier journal in family business, and he publishes research in top management journals. In 2008 he led in developing a unique series of conferences at the University of St. Thomas about "family capital" in family business. In addition to his duties at the university, he is an active participant in many professional organizations including the Family Firm Institute, the United States Association for Small Business and Entrepreneurship, and the Academy of Management.

Event Details:
Friday, October 8, 8:00 AM

University of St. Thomas
Opus College of Business
46 11th Street South
Schulze Auditorium
Minneapolis, MN 55403

Presented/Sponsored by Family Business Center.

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