CEO Succession in the Family Business: A Better Plan for Success

Selecting a company’s next CEO is one of the most significant decisions in an organization’s life. In every company, it is critical to find the right fit; in a family-owned business, the fit factor is even more consequential. The success and sustainability of the family’s main asset and source of income, and a significant piece of their identity, rests largely in the hands of the individual selected to be CEO of their family-owned business.