The Next Generation Challenge: Succession Stories from C-Suite Executives who Beat the Odds
How often have you heard the story of a successful privately held family company spiraling into failure after transitioning the corporate reins to the next generation?
Managing a business successfully can be challenging enough. Add in the number of problems and pitfalls within a family owned/operated business and that can multiply exponentially. Just one misstep in a business can be enough to tip the scales of a performing company toward its demise.
According to Boston-based Family Firm Institute, a nonprofit trade group for family businesses, 90% of U.S. businesses are family controlled. However, only 30% of these survive generational transition.
Join us to hear from three successors of thriving privately held middle market companies based in Long Island who have beat the odds to avoid the typical pitfalls that can demolish family owned/operated businesses after management succession. Hear their stories of surviving the typical challenges of generational takeovers and unique stories from their history while continuing to build their companies.
Panel: Click for Bios
Moderator, Davi Tserpelis, Senior Vice President, Citibank Commercial Banking
David Friedfeld, President, Clearvision Optical Company
Ted Heim, President & CEO, Inter-County Bakers, Inc.
Gregg Richard, President, PC Richard & Son, Inc.
6:00pm - Registration, Networking & Dinner
7:15pm - Panel, followed by Q& A
8:30pm - Coffee & Dessert
Carlyle on the Green
Bethpage State Park
99 Quaker Meeting House Road
Farmingdale, NY 11735
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