CEO succession in family companies is a complex endeavor. Too often, families restrict their options by thinking in a limited way about who could be the next CEO. In family companies, there are many broad choices for CEO successors. John Davis developed a proprietary matrix of CEO Successor Types in Family Companies to illustrate these options for CEO choice.
Read an early summary of the CEO Succession framework in this Forbes article.
Our study of CEO Succession is underway, and will explore these different options in family companies across the globe. We are studying the advantages and disadvantages of each choice, and under what conditions a family business should choose these different profiles.