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Succession

Sons of Slim

March 24, 2010

Carlos Slim became the richest man in the world last week, making him patriarch of, arguably, the most successful family business in the world. However, his succession planning is yet to be tested, write Alexandra Sharpe and Shonali Sashikant

Carlos Slim became the richest man in the world last week, making him patriarch of, arguably, the most successful family business in the world. But while he clearly has the knack for making money, his succession planning is yet to be tested, write Alexandra Sharpe and Shonali Sashikant.

Five dysfunctional family businesses to learn from

March 17, 2010

The perils of owning and managing a family business are a regular feature of www.campdenFB.com, writes Katie Barker. Sibling rivalry, a lack of succession planning and leaders who are unable to let go are just some of the problems that can result in family feuds, PR catastrophes or even the sale of the business

Founding family member appointed to Hyundai board

March 12, 2010

Hyundai Motor Corporation, the Korea-based car company controlled by the Chung family, has announced third generation Chung Eui-Sun has been appointed to the company’s board.

Hyundai Motor Corporation, the Korea-based car company controlled by the Chung family, has announced third generation Chung Eui-Sun has been appointed to the company's board.

The promotion of the 39-year-old was approved by shareholders today and increases speculation that Chung Eui-Sun will succeed his father, Hyundai's 71-year-old chairman Chung Mong-Koo, as head of the business.

How family conflict is driving Grupo Eulen to an IPO

March 10, 2010

Serious conflict between the founder of one of Spain’s largest private, family-owned companies and his children has caused such instability that it stands on the brink of a listing, writes Rodrigo Amaral

Serious conflict between the founder of one of Spain's largest private, family-owned companies and his children has caused such instability that it stands on the brink of a listing, writes Rodrigo Amaral.

Rothschild names first non-family chief executive

February 10, 2010

Rothschild will appoint a non-family chief executive for the first time in its 212-year history as the banking group restructures its management.

Nigel Higgins, who has been with the family business for 27 years and co-headed the firm since 2000, will take over from seventh-generation David de Rothschild in March as head of the family holding company.

Prince Alwaleed backs James Murdoch to take News Corp top job

January 22, 2010

Prince Alwaleed bin Talal, a member of the Saudi Arabian royal family, has publicly backed James Murdoch to succeed Rupert Murdoch at News Corp when Rupert finally decides to step aside.

In an interview with on an American talk show Alwaleed said: "If he doesn't appoint him I will be the first one to nominate him to be the successor of Mr Rupert Murdoch, God forbid if something should happen to him.

Ferrero's folly?

January 20, 2010

We can only speculate as to the real reasons the Ferrero family abandoned its consortium bid for the UK’s Cadbury for at least the second time in a decade, write Ben Harper and Shonali Sashikant of Peter Leach LLP

We can only speculate as to the real reasons the Ferrero family abandoned its consortium bid for the UK's Cadbury for at least the second time in a decade, write Ben Harper and Shonali Sashikant.

The proud third-generation Italian business, with a turnover of €6.2 billion and a string of industry awards to its name, recently shocked the business community with its sudden withdrawal in the high profile battle against, amongst others, the US goliath Kraft.

Marcy Syms named as chairman of family business

January 15, 2010

Marcy Syms, second-generation CEO of the discount retail chain SYMS Corp, has been made chairman of the group, a role previously held by her father.

Sy Syms, company founder, died in November 2009 at the age of 83. (Click here to read our coverage of the story) Marcy has served as company president since 1983 and succeeded her father as CEO in 1998.

Using the lessons of 2009 to prosper in 2010

January 8, 2010

The new year provides the perfect occasion for family businesses around the world to assess their 2009 performance, attempt to learn the lessons of the recession and work out how best to seize the opportunities 2010 presents. It is also the time for www.campdenFB.com to review the outgoing year and look forward to the possibilities of 2010, writes Katie Barker

Family gender diversity

December 16, 2009

It is generally accepted that gender diversity fosters the innovation and creativity of an organisation and that it has an overall positive impact on the performance of a business, not least its profitability. Family gender diversity could lead to an additional competitive advantage for family businesses compared to non-family businesses.