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Succession

February 7, 2013

Apollo Hospitals – a large family-run hospital chain in India – has decided to set up a family council to steer the business into the third generation of family management.

Apollo Hospitals – a large family-run hospital chain in India – has decided to set up a family council to steer the business into the third generation of family management.

Company founder Dr Prathap Reddy is still chairman at the age of 80; he founded the first Apollo hospital in Chennai in 1983. Three generations are now working in the family business simultaneously.

February 4, 2013

Family-controlled Fomento de Construcciones y Contratas, the Barcelona-based construction company, has announced Esther Alcocer Koplowitz as its new chairwoman. 

Family-controlled Fomento de Construcciones y Contratas, the Barcelona-based construction company, has announced Esther Alcocer Koplowitz as its new chairwoman. Koplowitz, who will carry the family dynasty into its third generation, will be only the second woman in Spain to chair an Ibex-listed company.

January 8, 2013

Al Habtoor Group, the Dubai-based construction, hotels and cars conglomerate, is putting in place a trust to ensure future family involvement in the company.

Al Habtoor Group, the Dubai-based construction, hotels and cars conglomerate, is putting in place a trust to ensure future family involvement in the company.

A spokesperson for the family business confirmed on 8 January that a family trust arrangement was being introduced to smooth succession from chairman and founder of the group Khalaf Al Habtoor to the second generation.

January 2, 2013

A new year means a new start for two well-known family businesses, with Indian powerhouse Tata Group bidding farewell to iconic businessman Ratan Tata, while US-based hospitality group Carlson has elected its next chairman.

A new year means a new start for two well-known family businesses, with Indian powerhouse Tata Group bidding farewell to iconic businessman Ratan Tata, while US-based hospitality group Carlson has elected its next chairman.
 
Tata Group

November 30, 2012

The granddaughter of Estee Lauder, who founded the eponymous cosmetics giant, has been promoted as part of the company’s “strategic organisational redesign”, continuing the tradition of family control of the firm.

The granddaughter of Estee Lauder, who founded the eponymous cosmetics giant, has been promoted as part of the company’s “strategic organisational redesign”, continuing the tradition of family control of the firm.

On 29 November, the company, which is majority owned by the Lauder family, said Jane Lauder, is to become the global president and general manager of Darphin – one of the firm’s skincare brands – in the new year.

November 23, 2012

Francois Heriard Dubreuil has been named the new chairman of French drinks business Remy Cointreau, replacing his sister Dominique Heriard Dubreuil. 

Francois Heriard Dubreuil has been named the new chairman of French drinks business Remy Cointreau, replacing his sister Dominique Heriard Dubreuil.

It follows Dominique’s announcement in July that she wanted to step down at the end of 2012. She will remain a member of the company’s board.

November 21, 2012

The founder and chief executive of Fielmann will transfer almost a quarter of his shares in the German eyeware firm to a family foundation, in a bid to ensure the business remains in the hands of his descendants.

The founder and chief executive of Fielmann will transfer almost a quarter of his shares in the German eyeware firm to a family foundation, in a bid to ensure the business remains in the hands of his descendants.

In a statement released this week, Gunther Fielmann said the move to transfer 24.52% of his shares to the Fielmann Family Foundation formed part of his succession plan.

November 14, 2012

Ferdinand Piech, chair of family-controlled Volkswagen, has hinted he could stay at the carmaker for another five to seven years, despite being 75 years old. 

Ferdinand Piech, chair of family-controlled Volkswagen, has hinted he could stay at the carmaker for another five to seven years, despite being 75 years old.

In April, VW shareholders voted for Piech to serve a third term as chairman, to end in December 2016. But in an interview with German newspaper Bild am Sonntag last week, Piech, whose family holds a majority stake in VW, said he wanted to stay around longer to support chief executive Martin Winterkorn.

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.

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