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Succession

February 26, 2009

The surprise announcement of the departure of Rupert Murdoch’s right hand man earlier this week is not only a blow to News Corporation’s immediate future, it also poses more questions about the 77-year-old media mogul’s succession plan.

The surprise announcement of the departure of Rupert Murdoch's right hand man earlier this week is not only a blow to News Corporation's immediate future, it also poses more questions about the 77-year-old media mogul's succession plan writes Marc Smith.

February 11, 2009

Fashion chain Hennes & Mauritz has appointed third-generation family member Karl-Johan Persson as the company’s new CEO effective from 1 July this year.

Fashion chain Hennes & Mauritz has appointed third-generation family member Karl-Johan Persson as the company's new CEO.

Karl-Johan will become one of the youngest CEOs of a global brand when he starts his new role on 1 July aged just 33. The grandson of the founder and son of the current chairman will replace Rolf Eriksen who is retiring.

January 22, 2009

The founding family of Japanese motor manufacturer Toyota has two reasons to celebrate this week.

The founding family of Japanese motor manufacturer Toyota has two reasons to celebrate this week. Akio Toyoda, grandson of the car company’s founder, was confirmed as its new president on Tuesday while yesterday Toyota claimed the title of world’s biggest carmaker.

As expected, Toyoda (pictured) was entrusted with the top job even though it comes just six months after he was promoted to the role of chairman board of directors of Toyota’s European arm. It caps a rapid rise for the 54-year-old, who first joined the company in 1984.

January 19, 2009

Shoichiro Toyoda, the honorary chairman of Toyota Motor Corp, is expected to resign this year according to Japanese media reports, suggesting an ownership transition is taking place within the founding family.

Shoichiro Toyoda, the honorary chairman of Toyota Motor Corp, is expected to resign this year according to Japanese media reports, suggesting an ownership transition is taking place within the founding family.

The 83-year-old’s father, Kiichiro Toyoda, founded the motor company while his grandfather Sakichi Toyoda is credited with starting the Toyota dynasty.

Shoichiro joined the business as a director in 1952, served as president between 1982–1992 and has been honorary chairman since 1999.

December 17, 2008

The Indian Institute of Management, in Bangalore has introduced a new course to its prospectus designed to help educate the next generation of family business owners.

The Indian Institute of Management, in Bangalore has introduced a new course to its prospectus designed to help educate the next generation of family business owners.

Dubbed the Management Programme for Entrepeneurs and Family Business (MPEFB), the course is part of the institute’s Raghavan Centre for Entrepeneurial Learning (NRSCEL) and has been specifically designed for those who intend to run the family business as well as those who are wanting their family business to become more successful.

July 1, 2008

The prospect of a family member succeeding Patrick Ricard at the family-owned drinks company came a little closer today as a member of the third generation stepped up as part of a company-wide shake up.

The prospect of a family member succeeding Patrick Ricard (pictured) at the family-owned drinks company came a little closer today as a member of the third generation stepped up as part of a company-wide shake up.

Patrick's nephew Alexandre Ricard moves up to take the post of chairman & CEO Irish Distillers. Alexandre, 35, has been managing director of Pernod Ricard Asia Duty Free since September 2006. He joined the business in 2003 as an audit and business development manager after graduating from ESCP and Wharton.

July 1, 2008

Wealthy families are all too aware of the importance of protecting their wealth. Unfortunately, according to a new survey on this topic, in practice families are failing to do enough

Wealthy families are all too aware of the importance of protecting their wealth. Unfortunately, according to a new survey on this topic, in practice families are failing to do enough

A ground-breaking new study has provided a unique glimpse into how ultra high net worth families around the world are attempting to protect their wealth. And the stark fact is that they are not doing enough.

June 26, 2008

Featured in the Wall Street Journal, Reuters and Estates and Trusts, get your copy of this groundbreaking report and find out how to better protect your family's fortune.

Succession plans of UHNW family businesses are "gathering dust," a new study has found that points to a need for greater awareness and action plans for family business elites.

June 19, 2008

Family-owned Schwan Food Company has announced that a non-family member has been appointed CEO of the business.

Family-owned Schwan Food Company has announced that interim leader and non-family member Greg Flack has been appointed CEO, president, and COO of the US-based frozen food business.

Flack, who has been with SFC for over 20 years, takes the reins following a long drawn out search that began back in February when Lenny Pippin, another non-family CEO, resigned unexpectedly.

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