Center for Private Company Excellence Seminar: Successful Succession Strategies - A Panel Discussion

It is a fact that while most companies recognize the importance of having a succession plan, they often don’t take the time to formulate one. One of the chief reasons is that many companies and their CEO’s don’t know where to begin or how to get the process started. However, having a poor succession plan or no succession plan at all can deal a serious blow to shareholder value and negatively affect your organization’s ability to retain other key employees and attract new talent.

Succession planning can be – and should be – a very well thought out and detailed process of identifying, training, and evaluating potential succession candidates.

This interactive, engaging, and practical seminar examined:

• The process involved in creating a succession plan
• How to identify and groom succession leadership for the organization and whether to look within or hire from the outside
• Effective timeframes for transitioning leadership
• Financial considerations involved with succession planning
• The roles of family members involved in the business
• Whether an emergency succession plan is prudent

Presenters:

• John F. Schlechter, Director, Audit & Accounting, Kreischer Miller
• Bernard Berlinger, Jr., CEO, ASI Technologies
• John Otte, President, Proconex
• William R. Schutt, Chairman, MATCOR
• Mark Taylor, Senior Vice President - Corporate Administration, Bradford White Corporation

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