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By
Emma James

POSITION: Chairman/Chief executive officer
COMPANY: The Celtic Group

WHAT THEY DO: Run several companies, including maritime
transportation and logistics business Celtic Marine Corporation and movie
studio facility Celtic Media Centre
REVENUE: $140,246,395 in 2008
NEXT GOAL: To achieve 100% occupancy on the Celtic Media
Centre campus
Michael O’Connor can describe his business in two words: maritime and
movies.
When O’Connor became chief executive officer of The Celtic Group upon the
death of his father Brendan in January, he decided to narrow the scope of
the business to Celtic Marine Corporation and the Celtic Media Centre, two
industries that are completely different in scope and profile.
O’Connor, formerly president and chief operating officer of Celtic Marine
Corporation, had no problem transitioning into the maritime aspect. But the
movies were a whole different business, literally.
“The maritime side is 365 days a year and very low-key,” he says. “The movie
industry is very public. People tend to flock to it.”
O’Connor wanted to focus on those two industries because of their past
success and potential for the future. To that end, The Celtic Group sold
archiving, moving and storage company Celtic Commercial Services and
relocated the company’s real estate division to Celtic Financial Services.
“We’ve been successful in the maritime for 25 years next year,” O’Connor
says. “Movies are a relatively new business, but I want to carry out my
father’s vision and his legacy by making that business successful.”
With the completion of Celtic Media Centre’s $27 million first phase last
month and a slowdown in tenants because of a strike staged by the Writer’s
Guild of America from late 2007 into early 2008 and a labor dispute by the
Screen Actors Guild that stretched from mid-2008 into early 2009, O’Connor
inherited several challenges.
Without specifying the projects, O’Connor says interest in Celtic Media
Centre has increased so much in the past month, he no longer has concerns
about fully occupying the campus, which is located just south of Interstate
12 and just west of Airline Highway.
“The media side of our business has so much potential and so much growth,”
O’Connor says. “Literally, California, New York and Louisiana [are] as far
as it goes with productions being shot [and] ranked. I feel that we have the
opportunity to maybe become No. 2 in the nation.”
O’Connor says he’s more conservative than his father, who had a risk-taking
business style, but exhibits the same kind of drive, energy and commitment
as his father. O’Connor also is more analytical, though he suspects that’s a
matter of experience that will come with time.
“His experience told him this is something I want to do and I’m doing to go
for it,” he says, “while my experience might be to look at it closer and in
a little more detail.”
O’Connor says his legacy is putting faith and family first and counting on
the many other companies and individuals that make each day’s business
possible.
“We commit 30% to 40% of our lives to working,” O’Connor says. “I can wake
up in the morning and say I love what I do with a smile.”
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