Posted 9/12/2006 12:03 pm
Updated 1 year ago
Stephens, 49, who is chairman and CEO of the investment firm, announced in May that he was purchasing 100 percent of the stock from his cousins, Witt Stephens Jr. and Elizabeth Stephens Campbell. The deal closed late last week.
Stephens' purchase was part of a reorganizing of the Stephens Group, which owned Stephens Inc., into two entities with both separate and joint business interests. Warren Stephens still owns 50 percent of the holding company, now called SF Holding Corp., which includes Las Vegas-based Stephens Media Group, Stephens Production Co. and other interests. His cousins own the other 50 percent.
"While this is a significant milestone for me, personally, it is also a new beginning for our employees and our customers," Stephens said. "My family has spent more than 70 years building a business based on relationships. I intend to continue that tradition, as well as doing everything I can to make the firm even better than it is today."