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GenWorks Group, Inc.: A Fresh Identity with Deep Roots

In a major announcement, COC Properties, Inc. has rebranded itself as GenWorks Group, Inc. This transition signals not only a change of name but also a reinforcement of the company's commitment to its legacy, particularly its ties to Cary Oil, the enterprise founded by the Stephenson family over six decades ago.

The history of Cary Oil is deeply embedded in the fabric of Cary, North Carolina. Established in 1959, it originated as a small local operation and has since evolved into a significant regional business. Cary Oil has become more than just a company; it is a pillar of strength and a key part of the community it serves. It epitomizes the family's values of responsibility and stewardship toward employees, customers, and the broader community. Craig Stephenson, son of one of the founders, emphasizes this connection: “Cary Oil is where our story began, and it continues to shape how we think about community, responsibility, and stewardship.”

The rebranding to GenWorks Group, however, is about more than historical ties; it encapsulates the family's generational ownership across various business interests. As the company looks ahead, the new name reflects the unifying purpose behind its operations. Although the holding company's name changes, Cary Oil will continue to operate under its established brand, retaining the trust and loyalty it has garnered over the years. The same goes for the Mackenan Property Group, which will continue to steward the family's real estate investments with a commitment to community development.

The change in the company's holding name comes alongside a notable leadership transition. Craig Stephenson has stepped down as Chief Executive Officer, taking on the role of Executive Board Chair. This move is intended to bolster the governance structure of the company while continuing to support its family-led stewardship. Don Stephenson, who has been the Board Chair for many years, will stay on as a valued member of the board, ensuring his extensive experience is not lost in the transition.

Gordon Sinclair has been appointed as the new President and Chief Executive Officer of GenWorks Group, Inc. Sinclair, who was previously the President and Chief Operating Officer of COC Properties, brings a wealth of operational expertise and continuity that aligns perfectly with the family's business philosophy and values. His leadership is seen as pivotal in continuing the legacy of the family’s ventures while embracing new opportunities.

GenWorks Group remains committed to the ideals of human flourishing and thriving communities. The Stephenson family, through GenWorks, aims to create a lasting impact through principled leadership and a long-term perspective on business growth. By focusing on the careful stewardship of human, relational, and financial capital, the company aspires to generate enduring value for employees, customers, and the community at large.

In summary, the transformation into GenWorks Group, Inc. heralds a new chapter for the Stephenson family's business while honoring the past. With its roots firmly in Cary Oil and a vision for generational stewardship, this rebranding not only signifies continuity but also highlights the family's commitment to innovation and responsibility in the communities it serves. This balance of tradition and forward-thinking sets GenWorks Group apart as it embarks on its new journey into the future.

About GenWorks Group, Inc.

GenWorks Group, Inc. is a family-owned holding company established in 1959 and dedicated to promoting generational stewardship and principled business practices. Supporting a varied portfolio of operating companies, GenWorks is committed to nurturing thriving communities and fostering the well-being of all stakeholders. The company aims to maintain an enduring impact by upholding strong relationships with employees, customers, and the broader community.