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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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