Moving Day For Foundation Partners Group

January 18, 2013
1 Comments
Advertisement

The Foundation Partners Group is reported to be packing up shop and moving to Orlando today. It is also reported that they are going to be a much smaller company upon their arrival in Orlando.

We received the following in an email late last night:

When you announced the resignation of Bob Horn from the board of Foundation Partners Group, you ended by wondering who would be next. The answer: almost everyone!

Advertisement

This Friday (Jan 18) is a notable day for Foundation: moving day. But only the furniture gets to move, not the employees. Foundation’s new CEO, Brad Rex, laid off almost all employees before Christmas, and kept them on just long enough to force them into physical labor to pack up the office. Tomorrow the movers come, to cart the furniture off to Orlando. Orlando, where Rex resides.

I am happy to say that I am no longer working at or affiliated in any way with Foundation or Sterling Partners.

It will be interesting to see what, if anything, they can do in Orlando.

Early last year, Foundation’s financial backers (Sterling Partners) decided to remote the founders (Steve Shaffer and Jim Price) and replace them with non-industry people.  Sterling eventually hired a new CEO, CFO and HR Director, none of whom had any experience in the funeral industry.

In a separate email we received this:

One of their first decisions (by the new CEO) was to move the headquarters to Orlando, purportedly because they will be able to hire better people over there, due to Orlando’s focus on the hospitality industry.  We were expected to believe that the fact that both the CEO and HR Director lived in Orlando had nothing to do with the decision.

Right now this is all that has been reported to us. We will be updating as we learn more.

CDFuneralNews

CDFuneralNews

ConnectingDirectors.com is the leading online daily publication for funeral professionals with a reader base of over 45,000 of the most elite and forward-thinking professionals in the profession. With ConnectingDirectors.com we have created a global community through an online platform allowing funeral professionals to Stay Current. Stay Informed and Stay Elite.
CDFuneralNews
Advertisement

You may be interested

BEAN TOWN BREAK DOWN | FUNERAL hustle 015
FUNERAL Hustle
96 views
FUNERAL Hustle
96 views

BEAN TOWN BREAK DOWN | FUNERAL hustle 015

CDFuneralNews - November 14, 2017

Ryan is exposed EXPOSED as a terrible (.....) in FUNERAL hustle 015! Part 2 of our Boston NFDA recap we…

NFDA Goes Big In Boston
Funeral Industry Press Releases
65 views
Funeral Industry Press Releases
65 views

NFDA Goes Big In Boston

CDFuneralNews - November 14, 2017

Brookfield, Wis. – The National Funeral Directors Association (NFDA) 2017 International Convention & Expo, held October 29 through November 1…

2017 REFLECTION OF NFDA BOSTON AND A TRIBUTE TO THE VETERANS | FUNERAL nation 094
FUNERAL Nation
228 views
FUNERAL Nation
228 views

2017 REFLECTION OF NFDA BOSTON AND A TRIBUTE TO THE VETERANS | FUNERAL nation 094

CDFuneralNews - November 13, 2017

On this episode, we send a big "thank you" to our very own Funeral Commander, Jeff Harbeson in honor of…

Comments