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August 30, 2019

Controversial family business titans David Koch and Ferdinand Piech, who died within days of each other, shaped the era they lived in, but their approach to succession was very different.

Controversial family business titans David Koch and Ferdinand Piech, who died within days of each other, shaped the era they lived in, but their approach to succession was very different.

May 31, 2019

The $190 billion merger between Fiat Chrysler Automobiles (FCA) and Renault signals the emergence of family principal John Elkann as a major player as the world’s car industry develops connectivity, electric powered vehicles and autonomous driving.

The $190 billion merger between Fiat Chrysler Automobiles (FCA) and Renault signals the emergence of family principal John Elkann as a major player as the world’s car industry develops connectivity, electric powered vehicles and autonomous driving.

The merger also shows how a dynastic family business can make bold strategic decisions to ensure its sustainability in an era of technological disruption.

May 8, 2019

Succession transition sets up Ricola for the future, Gina Rinehart’s family feud to stay private, and billionaire Zhao family embroiled in US college admissions scandal.

Succession transition sets up Ricola for the future

The principal of Swiss herbal product manufacturer Ricola has relinquished daily duties to a non-family director while his son steps up onto the board of directors.

Felix Richterich, 60, remained as chairman with a focus on strategy from 1 May after seven years as both chairman and chief executive. The grandson of founder Emil Richterich managed the Laufen-based company for 27 years.

February 22, 2019

Trussardi is the latest Italian family-owned heritage brand to accept a buy-out following a €50 million deal with an asset management firm that targets struggling businesses.

Trussardi is the latest Italian family-owned heritage brand to accept a buy-out following a €50 million deal with an asset management firm that targets struggling businesses.

The 108-year-old fashion house said the injection from QuattroR would underwrite its five-year international development plan. The plan was agreed with Tomaso Trussardi, the third-generation chief executive who will act as chairman of the new entity.

January 16, 2019

The trusted adviser who spearheaded a $50 billion spree of acquisitions over the last five years for Germany’s Reimann family will be succeeded by executives who expanded the portfolios of the families behind Mars and Anheuser-Busch InBev.

The trusted adviser who spearheaded a $50 billion spree of acquisitions over the last five years for Germany’s Reimann family will be succeeded by executives who expanded the portfolios of the families behind Mars and Anheuser-Busch InBev.

March 26, 2015

Merck deputy chief Oschmann to become CEO; China National Chemical Corp to buy Pirelli for $7.7 billion; and Airbus sells stake in Dassault Aviation

Merck deputy chief Oschmann to become CEO

German pharmaceutical company Merck, 70% owned by the eponymous founding family, will promote deputy chief executive Stefan Oschmann to the top job next year, according to Manger Magazin.

The 57-year-old will reportedly take on the new role after the group’s annual shareholder meeting in 2016, when current CEO Karl-Ludwig Kley’s current contract expires.

April 16, 2014

Emma Marcegaglia, co-chief executive of her family's eponymous steel company, has been appointed chairwoman of Italy's largest state-owned company, following a shake up of state-owned firms by Italy's new centre-left government to try and change the country's masculine corporate culture.  

Emma Marcegaglia, co-chief executive of her family's eponymous steel company, has been appointed chairwoman of Italy's largest state-owned company, following a shake up of state-owned firms by Italy's new centre-left government to try and change the country's masculine corporate culture.

Marcegaglia, 49, dubbed "Italy's iron lady" in the press, landed the role at energy group Eni.

January 27, 2014

UK-based family bakery business Frank Roberts and Sons has appointed Robert Higginson as chairman of the board, marking the continuation of the businessman’s career at the helm of a baked goods family business.

UK-based family bakery business Frank Roberts and Sons has appointed Robert Higginson as chairman of the board, marking the continuation of the businessman’s career at the helm of a baked goods family business.

Higginson was managing director at Warburtons, a fifth-generation firm controlled by the eponymous founding family, for 11 years between 2001 and 2012.

January 14, 2011

The decade-long feud in one of South Korea’s richest families has taken another turn, as Hyundai Motor signed a preliminary agreement to control the country’s largest builder, pushing out rival bidder the Hyundai Group.

The decade-long feud in one of South Korea’s richest families has taken another turn, as Hyundai Motor signed a preliminary agreement to control the country’s largest builder, pushing out rival bidder the Hyundai Group.

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