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When not to keep it in the family: How to hand over to a non-family executive

February 12, 2019

You can’t choose your family, but you can choose who runs your business. Alexandra Newlove talks to a range of experts about bringing in outside help

In 2006, as Ford Motor Company headed towards a $12.7 billion loss, the worst in the company’s 103-year history, Bill Ford, chief executive and great-grandson of the legendary Henry Ford, realised he needed help.

In an email to staff, Ford introduced his new top man: former Boeing transformation master Alan Mulally, who over the next eight years executed a revitalisation which saw the automaker’s stock appreciate more than 1000% from recession lows, and Mulally remembered as one of the all-time great business leaders.

Peugeot family confirms alliance with GM

March 1, 2012

French carmaker Peugeot has confirmed its alliance with General Motors, in a move that could see the founding Peugeot family reduce its control of the family business.

After weeks of speculation, Peugeot said in a statement that it has teamed up with GM to “contribute to the profitability of both partners” and consolidate its presence in the European market.

Peugeot reportedly in talks with GM – but will the family dilute its stake?

February 29, 2012

French carmaker Peugeot Citroen is reportedly planning to raise around €1 billion through a share rights issue, but whether this would dilute the Peugeot family’s stake in the business is not yet known.

According to reports by the financial media, General Motors, which is the world’s largest automobile-maker, will buy a 7% stake in Peugeot as part of the share sale.

Highway to success

November 1, 2005

Too many people are put off by alarming statistics that surround the start-up of new business initiatives, argues James Hutcheson. Although prudence and caution are desirable assets, sometimes it pays to take a chance and ignore the gloom merchants

James Olan Hutcheson is founder and president of ReGENERATION Partners. jim@regeneration-partners.com

Can family businesses survive?

June 1, 2003

Family businesses have always been here. They have survived vast change, dominated many fields and have made major, lasting contributions to the economy and to society. It will be interesting to see how family businesses evolve into the third millenium

James Olan Hutcheson spent 19 years in his family business, the world's largest photography company, before forming ReGENERATION Partners, an international business consulting group.