For me this is a season of board and advisory work, and really taking my time to think about what is the next big thing. Will I run another large company? Will I found a small investment fund? I'm going to continue to lean into public speaking, and will work on a book," said Cole, who is 42, adding, "I want to enjoy this chapter. I have two babies, a 1-year-old and a 3-year-old."

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Unlike some that have a lot of drama behind them, this was very natural, And this points to how much I trust" executives there. "I'm a shareholder in Focus Brands. I give a shit. I'm so proud of the team. Every one of those key leaders in those categories, I either hired or promoted myself."

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