b'CHAPTER 07BUILDING THE CULTURE | 85FAMILY MATTERS The fourth generation began with the The 2000s was the decade when the third birth of Angus and Angelas son Zachary ingeneration really began to make their mark on December 2000, and by the end of the decadethe company, whether directly or by getting there were eight new grandchildren for Andyinvolved in Kennards Hire-adjacent companies. and Prue, with more just around the corner.In 2004, Rory began as a director with Work As the family grew, it became clear thatSmart Equipment, which was renamed to there would need to be some work doneMakinex and rebranded. It designed original around succession planning. The Kennardstools and equipment for the flooring, were successful as a familyclose-knit andconstruction and landscaping industries. respectful, they were raised to appreciate theirKennards Hire became one of his customers.privilege. However, Andy and Prue had heard far too many stories about third generationsIn 2005, Angus Kennard joined the board of falling out, squandering wealth or beingKennards Hire, in preparation to take over as unable to carry on the family business. Withthe family representative when Andy finally the prospect of future generations having toretired from the board in 2007. That same year make decisions about Kennards Hire, it wassaw Cam Kennard establish Keneco Property, a situation that required careful navigation.which provided property servicessite If there was one thing that Andy and Prueacquisition, leasing and property management wanted more than anything, it was to keep to Kennards Hire on an arms-length basis.Kennards Hire a family-owned business. To help them navigate this process, they turnedto Family Business Australia (FBA). Penny Burke joinsKennards HireStaff are awardedAndy Kennard is 2000 2001 2002 2003as non-executiveis awarded thea Thanks a Millioninducted into the director. inaugural HRIAbonus. ARAs Rental Hall of National HireFame and becomes Company of thea Life Member of Year award. the HRIA. Kennards Hire Equity Participation Program (KHEPP) begins.'