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CEO

April 28, 2014

French family-controlled conglomerate Louis Dreyfus Commodities is on the hunt for a new chief executive after its current head announced he was stepping aside after just one year.

French family-controlled conglomerate Louis Dreyfus Commodities is on the hunt for a new chief executive after its current head announced he was stepping aside after just one year.

Ciro Echesortu's appointment to the chief executive role was only ever intended to be a short-term arrangement, but Louis Dreyfus never announced just how short his tenure would be. Echesortu will leave his role on 1 June.

August 25, 2010

A non-family CEO hired from within a company, who is familiar with and appreciates its culture and values, is far more likely than an outside CEO to continue the company's success.

Tom Davidow says:

A non-family CEO hired from within a company, who is familiar with and appreciates its culture and values, is far more likely than an outside CEO to continue the company's success. As Jim Collins points out in Built to Last, companies that last for generations maintain the original founder's culture and values. It doesn't matter if it changes its product.

November 7, 2008

Patrick Ricard has stepped down from his post as CEO of drinks giant Pernod Ricard after 30 years of running the family business.

Patrick Ricard has stepped down from his post as CEO of drinks giant Pernod Ricard after 30 years of running the family business. He will continue his role as chairman and “continue to be involved in the group’s strategic decisions and in monitoring their implementation,” according to a company statement.

This move is a result of the company’s previously announced decision to separate the roles of CEO and chairman. Non-family managing director Pierre Pringuet will take over as CEO.

November 1, 2005

Jorgen Vig Knudstorp talks to Melanie Stern about his first year as CEO of the Danish family business and toy giant Lego, how he led the company out of a period of financial risk and his mandate to fix the national treasure

Melanie stern is section editor of Families in Business.

Jorgen Vig Knudstorp talks to Melanie Stern about his first year as CEO of the Danish family business and toy giant Lego, how he led the company out of a period of financial risk and his mandate to fix the national treasure

January 1, 2005

Clements is a third generation family business which manufactures specialised tools for the construction industry.

Clements is a third generation family business which manufactures specialised tools for the construction industry. There are 80 full-time-equivalent staff, increased as seasonal production requires. In Clements, the third generation siblings were thrust into a sibling partnership when their father died and bequeathed them the business a decade ago. However, the bequest was inequitable – 10% for the daughter and 90% for the son. The business was not in a condition conducive to a positive sale so alternative decisions needed to be made urgently.

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