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Succession

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.

June 12, 2008

Nearly four out of five affluent family business owners want to keep control of the business within the family but very few have the structure in place to achieve this, a new study from US Trust, Bank of America Private Wealth Management and Campden Research has found.

Nearly four out of five affluent family business owners want to keep control of the business within the family but very few have the structure in place to achieve this, a new study from US Trust, Bank of America Private Wealth Management and Campden Research has found.

The research, conducted by renowned wealth consultant Russ Alan Prince, found that 78.1% of ultra high net worth family business owners wished to keep their businesses in the family but that very few of them were utilising succession plans that would ensure this outcome.

June 5, 2008

Pierre Beaudoin, grandson of Bombardier founder Joseph-Armand Bombardier, has become president and CEO of the Canada-based transportation and aerospace company.

Pierre Beaudoin (pictured), grandson of Bombardier founder Joseph-Armand Bombardier, has become president and CEO of the Canada-based transportation and aerospace company. His father, Laurent, is stepping down after 42 years at the top.

Laurent's last duty as president was to announce the firm's first quarterly results, which showed a revenue growth of 21% to reach $4.8 billion. He will continue as chairman - a role he has held since 1979.

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

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