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succession

December 13, 2012

For some family businesses, navigating the financial crisis has been tough, but perhaps they should take a look at the business philosophy of the likes of the Whitechapel Bell Foundry, makers of Big Ben.

For some family businesses, navigating the financial crisis has been tough, but perhaps they should take a look at the business philosophy of the likes of the Whitechapel Bell Foundry, makers of Big Ben.



The company, which has seen the reign of 27 monarchs, is the oldest family business in Britain, according to a list released by Family Business United. It says Britain's 10 oldest family firms have been in business for a combined total of 4,027 years, averaging 400 years each. 



November 9, 2012

Johann Rupert, the second-generation head of Swiss luxury group Richemont, is to step down as chief executive next year and will be succeeded by two non-family members.

Johann Rupert, the second-generation head of Swiss luxury group Richemont, is to step down as chief executive next year and will be succeeded by two non-family members.

The family business, famous for owning brands such as Cartier and Montblanc, said in a statement today that Bernard Fornas and Richard Lepeu will replace Rupert from 1 April 2013.

Rupert, 62, who transformed the company founded by his father into a luxury giant, will remain chairman of Richemont.

January 25, 2012

Relinquishing control can often be difficult for company founders, but one Indian family business head is currently in the process of ensuring succession at his firm goes well.

Relinquishing control can often be difficult for company founders, but one Indian family business head is currently in the process of ensuring succession at his firm goes well.

December 12, 2011

Multi-billionaire Warren Buffett, chairman and chief executive of investment company Berkshire Hathaway, has confirmed his son Howard will head the family business after his death.

Multi-billionaire Warren Buffett, chairman and chief executive of investment company Berkshire Hathaway, has confirmed his son Howard will head the family business after his death.

In an interview with US TV programme 60Minutes, which aired on 11 December, Buffett, 81, said he wants his second-oldest child Howard, 56, to succeed him as chairman of the Omaha, Nebraska-based company.

July 13, 2011

They are the next corporate leaders—the superstars of family business dynasties rising to the top of the business world. CampdenFB, working in association with judges from business schools and the Family Business Network, and supported by Ernst & Young, has come up with the definitive list of the top 40 next generation leaders under the ago of 40.

They are the next corporate leaders—the superstars of family business dynasties rising to the top of the business world. CampdenFB, working in association with judges from business schools and the Family Business Network, and supported by Ernst & Young, has come up with the definitive list of the top 40 next generation leaders under the ago of 40.

June 16, 2011

So the good ship Prada is about to be floated in Hong Kong harbour with a price tag of around $2.6 billion draped from its bow. How apt that the company began life way back on the eve of the Great War in 1913 selling trunks suitable for ocean-going liners.

So the good ship Prada is about to be floated in Hong Kong harbour with a price tag of around $2.6 billion draped from its bow. How apt that the company began life way back on the eve of the Great War in 1913 selling trunks suitable for ocean-going liners.

May 27, 2011

Family-owned construction company Wates Group has added three more family members to the company’s executive board in a move to increase the family’s management role.

Family-owned construction company Wates Group has added three more family members to the company’s executive board in a move to increase the family’s management role.

A spokeswoman for the group told CampdenFB that Andy, Charlie and Tim Wates have joined as directors of the board.

May 19, 2011

India’s Tata Group is making progress in its hunt for a successor to chairman Ratan Tata, according to a report in Indian newspaper Business Standard.

India’s Tata Group is making progress in its hunt for a successor to chairman Ratan Tata, according to a report in Indian newspaper Business Standard.

The report said that the five-member panel appointed to find a suitable successor has shortlisted 11 candidates, of which four to five are employees within the group. When contacted, Tata Group refused to confirm this information.

In a statement issued by the family-controlled conglomerate on 18 May, the group said that the panel was engaged in its task to find a replacement.

May 19, 2011

As parts of Asia emerge as economic superpowers, the patriarchs driving the region’s growth have faced a succession of scandals, prompting questions over autocratic styles of governance, which appear increasingly at odds with the demands of the new generation.

As parts of Asia emerge as economic superpowers, the patriarchs driving the region’s growth have faced a succession of scandals, prompting questions over autocratic styles of governance, which appear increasingly at odds with the demands of the new generation.

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