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Succession

March 1, 2008

It can be difficult for the next generation to combine a founder’s values with the latest management thinking. Jane Moir interviews two families from Asia and the US, both involved in the food and beverage sector, who have successfully gone through a succession process

It can be difficult for the next generation to combine a founder's values with the latest management thinking. Jane Moir interviews two families from Asia and the US, both involved in the food and beverage sector, who have successfully gone through a succession process

Asia Pacific: Heirs without graces

March 1, 2008

Known for their pragmatism and bluntness, Australians inhabit a vast island nation where family enterprise is deeply influenced by a harsh natural environment and social history. Dennis Jaffe investigates the succession issues facing the Aussie family businesses

Dennis Jaffe is a founding partner of Relative Solutions.

Changeover for Wells’ dairy

December 3, 2007

Family-owned Wells' Dairy, Inc, the largest family-owned and managed dairy processor in the US, has announced that Mike Wells will become the company's new CEO

Family-owned Wells' Dairy, Inc, the largest family-owned and managed dairy processor in the US, has announced that Mike Wells will become the company's new CEO.

Family members Gary Wells, previous CEO; Doug Wells, co-president; and Greg Wells, senior vice president of operations, will step down from their current positions and any day-to-day responsibilities.

Jonas Bonnier named new CEO of Bonnier

November 1, 2007

Family-owned media group Bonnier has appointed Jonas Bonnier as new CEO. Jonas is currently executive vice president of Bonnier

Family-owned media group Bonnier has appointed Jonas Bonnier as new CEO. Jonas is currently executive vice president of Bonnier.

"During the past few years Jonas Bonnier has proven himself to be the right man for the job. He has deep knowledge of our industry, international experience and knows the Group inside out," says chairman Carl-Johan Bonnier.

Non-family member Bengt Braun, who will now leave the CEO position after 10 years, has been appointed vice-chairman of Bonnier. He will also serve in additional board of directors within the Sweden-based group.

Minimising succession risks: a definitive guide

September 1, 2007

Handing over a family business to the next generation carries with it many inherent risks. Tom Davidow sets out the steps you should follow to ensure that a succession passes off successfully and the business is ready for the next phase of its development

Tom Davidow is founder and principal of Thomas D Davidow & Associates, based in Brookline, MA.

Knowledge before power – handing over the firm

September 1, 2007

When handing over a business to the next generation it is difficult to know exactly what to teach your successor and what information to leave behind. Dennis Jaffe explains how the knowledge you have accumulated over the years is the most valuable thing of all …

Dennis Jaffe is a founding partner of Relative Solutions.

Succession: the view from the Middle East

September 1, 2007

Families in Business chaired a roundtable meeting at Campden’s Families in Business conference in Bahrain to get a Middle Eastern perspective on transferring the family business from one generation to the next

Families in Business chaired a roundtable meeting at Campden's Families in Business conference in Bahrain to get a Middle Eastern perspective on transferring the family business from one generation to the next

Roundtable panel

Jawad Y Al Hawaj is general manager, Al Hawaj & Sons, Bahrain.

Farouk Yousuf Almoayyed is chairman, Almoayyed & Sons, Bahrain.

FOSS - analysing the future

July 1, 2007

FOSS, the world’s leading provider of analytical instruments, has just celebrated its 50th birthday. Marc Smith talks to the founder and his son about FOSS’s unique governance structure, its innovative new product development and branching out into South America

Marc Smith is acting editor of Families in Business.

FOSS, the world's leading provider of analytical instruments, has just celebrated its 50th birthday. Marc Smith talks to the founder and his son about FOSS's unique governance structure, its innovative new product development and branching out into South America

A global pawprint

May 1, 2007

Family-run VIP Petfoods has made a fortune down under. Having built up a large share in the Australian economy, the firm is about to expand worldwide. But how does it plan to change its USP in order to be accepted by western markets? Melanie Stern finds out

Melanie Stern is the former section editor of Families in Business.

The rise of the rabbit

May 1, 2007

With Marilyn Monroe as your first cover girl, you know your magazine is destined for greatness. And that’s just what Playboy has been since Hugh Hefner launched it in 1953. But Suzy Bibko learns that it’s his daughter, Christie, who has taken the company to new heights – including, most recently, building a 30-foot rabbit head towering over Las Vegas …

With Marilyn Monroe as your first cover girl, you know your magazine is destined for greatness. And that's just what Playboy has been since Hugh Hefner launched it in 1953. But Suzy Bibko learns that it's his daughter, Christie, who has taken the company to new heights – including, most recently, building a 30-foot rabbit head towering over Las Vegas.

Suzy Bibko is editor of Families in Business.