Vimeo
LinkedIn
Instagram
Share |

succession

August 21, 2013

A second-gen Californian winegrower, who, as a child, helped his father plant the family’s first vineyards in Monterey County, has now been appointed chief executive and chairman of the family’s wine empire.

A second-gen Californian winegrower, who, as a child, helped his father plant the family’s first vineyards in Monterey County, has now been appointed chief executive and chairman of the family’s wine empire.

J. Lohr Vineyards & Wines, founded by Jerry Lohr in the early 1970s, announced Steve Lohr’s promotion this week. For the past four years he has been executive vice president and chief operating officer.

August 8, 2013

Family businesses with succession plans in place are more likely to achieve a better credit rating and as such able to borrow easier than those with no plan, according to report from the ratings agency Standard & Poor’s.

Family businesses with succession plans in place are more likely to achieve a better credit rating and as such able to borrow easier than those with no plan, according to report from the ratings agency Standard & Poor’s.

June 17, 2013

Entrepreneurship has superseded inheritance as the main source of wealth creation in developed economies, according to a global survey of high net worth individuals.

Entrepreneurship has superseded inheritance as the main source of wealth creation in developed economies, according to a global survey of high net worth individuals, while in developing economies many entrepreneurs are now dealing with succession and inheritance planning for the first time.

The Barclays survey – Origins and Legacy: The Changing Order of Wealth Creation – found that there has been a big shift in the way the world’s wealthiest are spending and sharing their money due to changing patterns of wealth creation.

June 13, 2013

German headphones and electronics company Sennheiser has announced the appointment of two third-gens to take control of the family business.

German headphones and electronics company Sennheiser has announced the appointment of two third-gens to take control of the family business.

Daniel and Andreas Sennheiser will take over as joint chief executives and speakers of the executive management board, effective 1 July.

Their father, Jorg, is the current chairman of the supervisory board. His father, Professor Fritz Sennheiser, founded the company in 1945.

June 6, 2013

More than a quarter of US family businesses questioned in a Deloitte survey do not have a board of directors, and of those that do, the majority lack diversity in terms of non-executives, non-family members and female representation.

More than a quarter of US family businesses questioned in a Deloitte survey do not have a board of directors, and of those that do, the majority lack diversity in terms of non-executives, non-family members and female representation.

The report, Perspectives on Family-Owned Businesses, also found succession planning was a large area of inactivity when it came to governance of family businesses.

June 5, 2013

The founder of Ikea, Ingvar Kamprad, has stepped down from the board of Inter Ikea Holding, the holding company of the iconic Swedish flatpack furniture chain.

The founder of Ikea, Ingvar Kamprad, has stepped down from the board of Inter Ikea Holding, the holding company of the iconic Swedish flatpack furniture chain. The chairman of the board, Per Ludvigsson, has also stepped down, aged 70, to be replaced by Kamprad’s son Mathias.

In a statement issued by Ikea, the changes in the board are described as a generational shift that has been prepared for over several years.

Kamprad, who turned 87 in March, said in a statement his retirement from the board did not mean he would stop working.

June 3, 2013

Malta’s minister for the economy, investment and small business has announced the government has started work on a family business act that would be the first of its kind in Europe.

Malta’s minister for the economy, investment and small business has announced the government has started work on a family business act that would be the first of its kind in Europe.

Speaking at the Bank of Valletta-PwC Family Business Forum, Chris Cardona said family-run businesses made up around 75% of the private sector in Malta.

However, he said there had never been legislation designed purely for family businesses.

May 13, 2013

Every family has secrets. Trouble comes when families collude rather than talking honestly to each other about them.

Every family has secrets. Trouble comes when families collude rather than talking honestly to each other about them. When family members are in business together or are connected financially, those secrets often interfere not only with family relationships, but with the family business, foundation and even the family office as well.

May 8, 2013

One of China’s best-known companies is to shun second-generation management in favour of passing on control to non-family managers. 

One of China’s best-known companies is to shun second-generation management in favour of passing on control to non-family managers.

Ren Zhengfei, who founded Huawei Technologies – China’s biggest technology company with revenues of more than $35 billion (€30 billion)– 26 years ago, said he would not be passing on the business to any member of his family.

Click here >>
Close