The chief executive officer of Scituate’s Jack Conway & Co. has taken full ownership of real estate company founded by her father and pledged to keep it independent.
Carol Conway Bulman has been the head of the company since December 2009. Following the death of her father, real estate mogul Jack Conway, in July, she officially took full ownership of the 56-year-old company in November.
The official transfer took place at the Conway Country Thanksgiving breakfast, where Jack Conway’s wife, Patti, presented Bulman with a stock certificate that transferred ownership of the 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 said she plans 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.”
Jack Conway was chairman of the board of his company and retained ownership of the organization until he died of cancer at age 88.
According to Al Becker, director of marketing for the organization, the transfer showed the staff 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,’’ Becker said. “From the perspective of who was in the crowd that day, that’s the most important part of it.”
Moving forward, keeping Jack Conway & Co. the largest independent real estate company in its market continues to be a focus, as does maintaining previous years’ success, Becker said.
In 2011, the company saw $546 million in sales and 1,842 transactions.