How One Woman Broke Into the Auto-Supply Industry
Moran Industries was launched more than three decades ago by her father, Dennis. The company is part of the $300 billion aftermarket-supply industry and comprises six brands: Alta Mere, Dr. Nick's Transmissions, SmartView Window Solutions, Mr. Transmission, Multistate Transmissions and Milex Complete Auto Care. There are 140 franchised units across the U.S.
Moran started working there as a teenager as she went to art school and soon found that she enjoyed her job despite the male-dominated industry, and quickly moved to positions of greater responsibility.
Even though her father increasingly relied on her skills (she helped him move the business into franchising by acquiring troubled companies to bring under the Moran umbrella), Moran always worked under a cloud: Her father made it clear that she would never be in an executive position at the company.>>> Style Me Pretty's Larson: Women Business Leaders When she was pregnant with her first child in the late 1980s, her father even went so far as to fire her so that she could stay home with the baby. That did not deter Moran. She went to work in government for the first female state representative in Illinois, Jane Barnes. Later, as she was looking to start her own business, fate stepped in the way. After Moran herself went through cancer, her father ended up having a quadruple bypass and a stroke in 1998. Her father sent her on a mission to find someone to run the company for them since it was clear he would not be able to return to work in the same capacity. They hired consultants to help choose someone and, after three days, the consulting group decided it was she who should run the company. Her father finally agreed. Shortly after she moved into the president position, she went to work on new initiatives that would be more family-friendly. Two years ago, she bought out her parents' positions in the company. Moran renamed the company Moran Family of Brands and has started to put initiatives in place to draw more female and younger customers.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV