Why has the cofounder and CEO of Burt's Bees just sold a controlling stake in her hugely successful company? She's got something more important to do.
Roxanne Quimby just wants to go home.
The cofounder and CEO of Burt's Bees lives in Maine but works in North Carolina, and she is weary of the 1,000-mile commute. Home is, after all, home. Specifically, home is a humble 1,200-square-foot house in Winter Harbor, three hours northeast of Portland up the Atlantic coast, known locally as "the mushroom" for its peculiar shape.
When you are at home in a place you love, powerful things can happen. Last January, Quimby was relaxing in Winter Harbor, taking in Governor John Baldacci's first postinaugural radio interview. Baldacci was asked about a long-standing plan to create a new national park in Maine's scenic North Woods. His reply was so stark, so blunt, it left Quimby breathless. The park, he said, was "a nonstarter."
Baldacci might as well have been standing in Quimby's living room, addressing her by name. For three years, she has been the single most energetic backer of the controversial park proposal. "I was trying to give him the benefit of the doubt until 24 hours into his administration," Quimby says, her green eyes flashing, "but after that, I turned him off and said, 'Okay, he's in trouble now!' "
He may well be. Quimby, 53, who favors Crayola-bright cotton blouses and schoolgirl-style hair clips, doesn't look the part of a fiery agent of social change. But for three decades, she has quietly built a career and a life on what amounts to fearless radicalism. In the name of simplicity, she chose to live in incredible austerity in the woods. Then she founded Burt's Bees, a company dedicated to selling natural, environment-friendly personal-care products, which in the past 14 years has grown from a pot on her wood-burning kitchen stove to a nearly $50 million-per-year business.
Now she is steering a new course--one that would take her from politically minded commerce into the mainstream of politics itself. Since 2001, she has spent $8 million of her own fortune to buy huge parcels of undeveloped land in northern Maine--nearly 16,000 acres in all--toward what she and other park backers hope will total 3.2 million acres. She has just inked a deal to sell a controlling stake in Burt's Bees to buyout firm AEA Investors to help finance the park effort and perhaps fund a nascent political career. The upshot: Come 2006, Roxanne Quimby could be running for governor.
Quimby, a graduate of the San Francisco Art Institute, has come a long way, and now intends to go a long way again, only in a new direction. We hope the $180 million that she reportedly earned by selling an interest in Burt's Bees inspires her to do good things for the state of Maine.
Loch Adamson's entire story is a good read. I encourage you to click on "Fast Company" above and learn more about this inspiring woman entrepreneur.
fresh content posted
