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Succession

May 8, 2013

One of China’s best-known companies is to shun second-generation management in favour of passing on control to non-family managers. 

One of China’s best-known companies is to shun second-generation management in favour of passing on control to non-family managers.

Ren Zhengfei, who founded Huawei Technologies – China’s biggest technology company with revenues of more than $35 billion (€30 billion)– 26 years ago, said he would not be passing on the business to any member of his family.

April 10, 2013

George's Inc, one of the US's largest privately owned poultry companies, is strengthening family control by promoting fourth-gen brothers to the role of joint chief executive and president.

George's Inc, one of the US's largest privately owned poultry companies, is strengthening family control by promoting fourth-gen brothers to the role of joint chief executive and president.

Carl and Charles George joined the $900-million-a-year (€687 million), Arkansas-based family business in 1997 fresh from school, working their way up to the executive team in 2006.

March 15, 2013

Second-generation Pierre Karl Peladeau is stepping down as chief executive of Canadian family business Quebecor, naming a non-family member as his replacement. 

Second-generation Pierre Karl Peladeau is stepping down as chief executive of Canadian family business Quebecor, naming a non-family member as his replacement.

Peladeau, who held the chief executive role for 14 years, will now become vice-chairman of the media business founded by his father, Pierre.

He will also serve as chairman of the boards of QMI and of TVA Group, two subsidiaries the holding company controls through Quebecor Media. Quebecor holds a 75% stake in Quebecor Media.

February 15, 2013

A fifth-generation member of the Ford family has been promoted vice-president of the eponymous US carmaker. Elena Ford is also poised to take the wheel of a new division managing strategy and customer service at Ford dealerships in March.

A fifth-generation member of the Ford family has been promoted vice-president of the eponymous US carmaker. Elena Ford is also poised to take the wheel of a new division managing strategy and customer service at Ford dealerships in March.

February 14, 2013

You’ve got to give it to the Catholic Church, they do things in style.

The process in most organisations, when they are looking for a new leader, is to get a bunch of people to sit hunched in soulless offices and thrash it out over Formica tables and pots of over-brewed coffee. The result is announced by a press release. New popes, however, are elected by a bunch of men fluttering down baroque corridors in colourful gowns, talking in Latin, fidgeting with prayer beads and channelling the Almighty. 

They let the world know what they’ve decided via an eccentric system of smoke-signals. Still, it seems to work.

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

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