Should Your Next CEO be From Outside the Family?

Should Your Next CEO be From Outside the Family?
Category: Interviews
Published: July 15, 2022
Updated: January 24, 2024
Views: 13575
Downloads: Full Article PDF

In her discussion with Matt Nielsen of Nielsen-Massey Vanillas International, Editor Kimberly Eddleston goes into a sensitive topic for many family firms: whether an outside leader is better equipped to steer the company into the future.

Nielsen, who is Managing Director of his family's firm in Europe, talks about why they chose an outside CEO in 2017, the process that went into it, and how the family's vision for their company's future influenced the type of individual they sought to lead it. He also talked about the many hats that he and his two siblings wear -- as primary shareholders, directors and family members -- and how outside leadership helped them have the right perspective about their roles and improved the family relationships. 

 


Kimberly Eddleston
Kimberly Eddleston
Schulze Distinguished Professor of Entrepreneurship / D'Amore-McKim School of Business / Northeastern University
View Profile

Cite this Article
DOI: 10.32617/806-62dfd98fc3679
Eddleston, Kimberly. "Should Your Next CEO be From Outside the Family?." FamilyBusiness.org. 15 Jul. 2022. Web 22 May. 2024 <https://familybusiness.org/content/should-your-next-ceo-be-from-outside-the-family>.
Eddleston, K. (2022, July 15). Should your next ceo be from outside the family?. FamilyBusiness.org. Retrieved May 22, 2024, from https://familybusiness.org/content/should-your-next-ceo-be-from-outside-the-family