Stewart Enterprises CEO Leaves, Cites Differences with Chairman
The chief executive of Stewart Enterprises Inc., the nation’s second-largest provider of funeral services, is retiring after citing differences with the company’s chairman and a desire to do missionary work.
The company said late Wednesday that president and CEO Thomas Crawford would retire at Stewart’s annual shareholder meeting on April 7. The board appointed Thomas Kitchen, Stewart’s senior executive vice president and chief financial officer, to succeed him.
The news comes shortly after Jefferson, La.,-based Stewart announced plans earlier Wednesday to consider possible acquisitions. It hired a funeral industry veteran, Glenn McMillen, to guide the process.
The company said one reason for Crawford’s departure was his decision to accept a post presiding over 600 Mormon missionaries for a three-year term beginning July 1.
“Additionally Mr. Crawford notified the company that continued differences with the chairman of the board over the day-to-day implementation of the company’s strategic plan relating to the relative focus given to different components of the plan, staffing levels and personnel, contributed to his decision,” the company said in a statement.
Stewart did not elaborate on the differences. The chairman is Frank Stewart Jr.
Stewart currently owns and operates 218 funeral homes and 141 cemeteries in the United States. The company did not say how large it wanted a possible expansion of its business to be.
Kitchen joined Stewart’s board in February 2004 and became chief financial officer later that year and senior executive vice president in March 2007. He also served for a brief time as acting chief executive officer following the 2006 retirement of Kenneth Budde. Crawford became CEO in March 2007.
Louis Derbes, who has held top management posts with Stewart since 2005, was appointed chief financial officer, the company said.
Latest posts by CDFuneralNews (see all)
- 5 Tips to Developing a Better Social Media Strategy - October 12, 2017
- FrontRunner Unveils its Dedicated Custom Programming Team - October 12, 2017
- Batesville Hosts Free Book Signing with Dr. Alan Wolfeltat the 2017 NFDA Convention and Expo in Boston - October 12, 2017
You may be interested
5 Tips to Developing a Better Social Media StrategyCDFuneralNews - October 12, 2017
Marketing via social media seems like a no-brainer to funeral homes today. It’s one of the most-used media outlets of…
FrontRunner Unveils its Dedicated Custom Programming TeamCDFuneralNews - October 12, 2017
FrontRunner today announced the formation of a dedicated custom programing team. In the past, given the fast-paced innovations at FrontRunner…
Batesville Hosts Free Book Signing with Dr. Alan Wolfelt at the 2017 NFDA Convention and Expo in BostonCDFuneralNews - October 12, 2017
BATESVILLE, Indiana, October 11, 2017 – Batesville, the leading provider of high quality products and profit-enhancing solutions to licensed funeral…