I just got back from the Transitions West conference at Marina del Rey, which was organized by The Family Business Magazine and Stetson University’s Family Enterprise center. This is a conference “created for family companies by family companies!” and, once again, we enjoyed some great, honest presentations by some outstanding family business members, non-family executives and family business experts.
Among my favorites were the opening keynote by Jim Ethier, Chairman of the Board of the Bush Brothers & Company, during which he described the experiences his family company had as they built their family governance. Also, the panel of non-family executives made up of James B. Wood, Senior Vice President and Chief Strategy Officer of The Clemens Family Corporation, Robert J. Underbrink, President/CEO of King Ranch, Inc., David Yale, President, Just Born, Inc. and Ross Born, Co-CEO of Just Born, Inc., where I realized how difficult it is to find the right non-family CEO and the time and effort involved in the process; and the panel about how family councils foster engagement among family members, where Ashley Levi, Board Member at H.G. Hill Company, and Meghan Juday, Family Council Chair and Director at IDEAL INDUSTRIES, shared their experiences about how useful their families council has been for them. And finally the presentation from Mark Peters, CEO of Butterball Farms Inc., who underlined the risks involved in not having succession planning in place. Thanks to all for sharing their experiences and being so inspiring!
This was my second year at the conference and I was happy to see that many families came back and brought along quite a few more family members. I would say that the number of participants doubled from last year. Congratulations to the organizers!
I also meet Peter Begalla, Adjunct Professor and Program Manager at Stetson University’s Family Enterprise program, who I interviewed last year about the unique Family Enterprise program that Stetson University offers (Read interview here http://wp.me/p1tGmG-2n) and Professor Greg McCann, founder and Director of Stetson University’s Family Enterprise Center. I was interested in gaining the perspective of one of its students and when I meet Emily Dudley, senior at the Stetson University’s Family Enterprise program and second-generation partial owner of Dudley’s Auction Inc., at the Transitions West conference, I couldn’t miss the opportunity to interview her.
Please check what Emily has to say about how Stetson University’s Family Enterprise program has “changed her life.”
Written by Carmen Lence, Executive Coach at NextGen Consulting & Coaching LLC. Contact Carmen at email@example.com