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Succession

May 18, 2018

Family-controlled Swedish investment house Kinnevik is set to appoint Dame Amelia Fawcett as its new chairman. It has had female leaders for 11 of the past 13 years.

Family-controlled Swedish investment house Kinnevik is set to appoint Dame Amelia Fawcett as its new chairman at its AGM on 21 May.

The proposed election underlines the digital innovator’s tradition of female leadership that has seen female chairs helming it for 11 out of the past 13 years.

Fawcett, a former Morgan Stanley executive who chaired the Guardian Media Group for seven years, has been deputy chairman since 2013.

May 4, 2018

Sister of Subway founder retires after 45 years, Monica Mondardini steps away from GEDI, Tata and John Deere lease to subsistence farmers

Sister of Subway founder retires after 45 years

Suzanne Greco, the sister of Subway founder Fred DeLuca, has retired as chief executive after more than 45 years with the business.

Greco started with the company as a “sandwich artist” in 1973, and worked her way up the ranks, becoming chief executive in 2015 when her older brother died of cancer.

April 25, 2018

Most business owners will agree that having a succession plan in place is critical, though often challenging, even in the best of times. But Michael Wagner, co-founder of the family-owned, Florida-based Omnia Family Wealth asks what happens when the heirs of the business have different needs, talents, goals and involvement in the family’s business?

Most business owners will agree that having a succession plan in place is critical, though often challenging, even in the best of times. But Michael Wagner, co-founder of the family-owned, Florida-based Omnia Family Wealth asks what happens when the heirs of the business have different needs, talents, goals and involvement in the family’s business?

Sibling differences and communication barriers can create major obstacles to a smooth transition in leadership that can lead to the ultimate destruction of the company.

April 20, 2018

The loss of billionaire heir Karl-Erivan Haub brings home the need for families to prepare robust succession plans to ensure their businesses survive, experts say.

The loss of billionaire heir Karl-Erivan Haub brings home the need for families to prepare robust succession plans to ensure their businesses survive, experts say.

April 13, 2018

Maersk eyes female CFO candidates, Tengelmann hit by back-to-back tragedies, and VW to replace stopgap chief.

Maersk eyes female CFO candidates

Maersk may hire its first female chief financial officer to join its all-male executive, following its election of one of the least gender-diverse boards in Denmark.

April 5, 2018

Chinese investors favour London despite Brexit, SHV profit ‘exceptional’ in difficult year, and Australia’s big baby boom business handover

Chinese investors favour London despite Brexit

Wealthy Chinese families are flocking to London despite Brexit uncertainty, with a 56% increase in Chinese applications for Investor Visas during 2017.

China accounts for just under a third of UK Investor Visa applicants, with London's main drawcards being asset security, commercial property, a weakened pound, excellent private schools, and legal and accountancy expertise, says research from wealth managers LJ Partnership.

March 28, 2018

With an estimated $4 trillion expected to be passed down within a generation in North America and the UK alone, robust succession planning is paramount—but it can cause dilemmas. What are the options for those family business owners who are now approaching retirement, but whose children and grandchildren are either interested in pursuing alternative careers or too young to take on the business?

With an estimated $4 trillion expected to be passed down within a generation in North America and the UK alone, robust succession planning is paramount—but it can cause dilemmas. What are the options for those family business owners who are now approaching retirement, but whose children and grandchildren are either interested in pursuing alternative careers or too young to take on the business?

March 27, 2018

Time is running out for 100,000 small and medium sized enterprises in Germany which plan to complete their succession plans by the end of 2019, but either have not found a successor or have not yet started to search for one.

Time is running out for 100,000 small and medium sized enterprises in Germany which plan to complete their succession plans by the end of 2019, but either have not found a successor or have not yet started to search for one.

March 22, 2018

Nordstrom ends talks with founding family, Porsche put next-gen in the driver's seat, and Ofers divide assets to avoid competition law

Nordstrom ends talks with founding family

Nordstrom have ended discussions with its founding family over re-privatising the business, following 10 months of negotiations.

The fashion retailer had appointed a committee to negotiate with the family—who own just over 30%—on behalf of shareholders, but the parties had been unable to reach an agreement and this week Nordstrom announced it had “terminated” discussions.

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