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WSJ Secrets of Wealthy Women

Julie Smolyansky: Adapting Amid Tragedy

WSJ Secrets of Wealthy Women

The Wall Street Journal

Careers, Business

4.6955 Ratings

🗓️ 27 May 2020

⏱️ 28 minutes

🧾️ Download transcript

Summary

Julie Smolyansky, chief executive of Lifeway Foods, tells WSJ's Veronica Dagher how she's coped with crises and adapted her family's cultured milk business amid the coronavirus.

Transcript

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0:00.0

Courage. I learned it from my adoptive mom.

0:03.0

Hold my hand?

0:04.0

You hold my hand.

0:06.0

Learn about adopting a team from foster care at Adopt US Kids.

0:10.0

You can't imagine the reward.

0:11.0

Brought to you by Adopt US Kids, the U.S. Department of Health and Human Services, and the Ad Council. Hey I'm Veronica Dagger and this is the Wall Street Journal Secrets of Wealthy Women,

0:25.0

where women share how they tackle career, money, and the world.

0:29.0

Knowing you can survive a personal crisis may empower you to handle other types of crises like the one

0:34.9

we're in due to the coronavirus. Julie Smolanski knows this well. She is the

0:40.3

CEO of Lifeway Foods which is known for its probiotic milk drink called Kiefer.

0:45.5

It's like drinkable yogurt, and her family helped bring it to the mainstream here in the U.S.

0:50.7

Before the pandemic started, we interviewed Julie who took over life way from her parents.

0:56.0

She was the youngest female CEO of a publicly traded company at the time, and she's still one of the youngest.

1:02.0

Taking over was a huge challenge for

1:05.2

Julie and now almost two decades later she faces new ones. How to keep her

1:10.7

family business on top and adapting the business during the coronavirus crisis,

1:15.9

all amid more competition and changing consumer tastes.

1:20.3

Now Julie's had to face fresh challenges.

1:23.0

Part of this episode was recorded before the pandemic.

1:27.0

At the end, we recently got back in touch with Julie.

1:33.0

Julie. Thanks for having

1:34.0

to be

...

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