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April 21, 2010

John Elkann, fifth-generation family member of the founding Fiat family, has been elected as chairman of the Fiat Group. The 34-year-old told reporters that today was "a very important day for Fiat and me."

John Elkann, fifth-generation family member of the founding Fiat family, has been elected as chairman of the Fiat Group. The 34-year-old told reporters that today was  "a very important day for Fiat and me."
 
The formal announcement came this morning during Fiat's investor day, although non-family CEO Sergio Marchionne told a press conference yesterday of the schion's promotion.
 

January 15, 2010

Marcy Syms, second-generation CEO of the discount retail chain SYMS Corp, has been made chairman of the group, a role previously held by her father.

Marcy Syms, second-generation CEO of the discount retail chain SYMS Corp, has been made chairman of the group, a role previously held by her father.

Sy Syms, company founder, died in November 2009 at the age of 83. (Click here to read our coverage of the story) Marcy has served as company president since 1983 and succeeded her father as CEO in 1998.

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.

July 28, 2008

The ousted chairman of family-owned Sun Hung Kai Properties has hit back at family members by saying the real estate company should look outside the family for more suitable leaders

The ousted chairman of family-owned Sun Hung Kai Properties has hit back at family members by saying the real estate company should look outside the family for more suitable leaders.

Walter Kwok, who was replaced by his mother following a disagreement with his two younger brothers in May, said, "Rather than key positions in the company being taken by the family, we should be more inclined to have the most suitable person fulfil the key positions."

June 25, 2008

Iconic Japanese business Toyota Motor Corp has announced that Akio Toyoda, the great-grandson of the company’s founder, has been promoted to chairman of the board of directors for Toyota Motor Europe.

Iconic Japanese business Toyota Motor Corp has announced that Akio Toyoda (pictured), the great-grandson of the company's founder, has been promoted to chairman of the board of directors for Toyota Motor Europe. Toyoda, 52, will assume his new position on 1 July in a move that is widely seen as the next step on his road to the company presidency.

May 28, 2008

The ongoing feud between the Kwok family at Hong Kong’s biggest property developer, Sun Hung Kai Properties, has come to a head with Walter Kwok’s 79-year-old mother, Kwong Siu-hing, replacing him as chairman of the company.

The ongoing feud between the Kwok family at Hong Kong’s biggest property developer, Sun Hung Kai Properties, has come to a head with Walter Kwok’s 79-year-old mother, Kwong Siu-hing, replacing him as chairman of the company. Kwong is the wife of SHKP’s late founder and currently owns just over 41% of the company.

May 14, 2008

John Elkann, the great great-grandson of the Fiat founder Giovanni Agnelli, has been appointed as chairman of IFIL, the Agnelli family-controlled investment company.

John Elkann, the great great-grandson of the Fiat founder Giovanni Agnelli, has been appointed as chairman of IFIL, the Agnelli family-controlled investment company.

After the company's annual general meeting of stockholders in Turin, outgoing chairman Gianluigi Gabetti and the newly elected IFIL board of directors met to rubber stamp Elkann's appointment and usher in the next generation of the dynasty.

May 13, 2008

A fifth-generation member of the Grant-Gordon distillery dynasty has been appointed non-executive chairman of Scotland-based William Grant & Sons Ltd.

A fifth-generation member of the Grant-Gordon distillery dynasty has been appointed non-executive chairman of Scotland-based William Grant & Sons Ltd. Peter Gordon, who is the great great-grandson of founder William Grant, is taking over from Charles Gordon, who will fulfil the newly created role of life president.
 
Paying tribute to his uncle, Peter said: "Charles has led the company as chairman over the last five years with a leadership style full of remarkable energy, passion and humour. As a consequence, our brands have developed and prospered significantly.

April 22, 2008

Less than a week after he was indicted for tax evasion, Lee Kun-hee has fallen on his sword after 20 years at the top.

Less than a week after he was indicted for tax evasion, Lee Kun-hee has fallen on his sword after 20 years at the top. In a nationally televised press conference, the second-generation Samsung chairman apologised for his wrongdoing and for the negative impact the probe could have on South Korea.

“I have decided to step down as chairman of the group,” he announced at the company’s headquarters in Seoul. “I will take all legal and moral responsibility and truly apologise to the nation.”

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