Succession Transition: A Roadmap for Seamless Transitions in Leadership

Leadership succession can make or break an organization, large or small. Less than a third of family businesses successfully transition from the first generation to the next. And fewer than 10 percent of near-retirement-age business owners have a formal succession plan.

With more than 60 years of combined experience at Plante Moran, Managing Partner emeritus Bill Hermann and current Managing Partner Gordon Krater have collaborated to capture a formula for creating sustainable organization…