Paramount Plastics in Elkhart has been purchased by Empowered Ventures, an employee-owned holding company in Carmel.
Successful transition
Northwest Indiana experts say a succession plan is essential when they need to replace top-level leaders who are retiring or moving on to other challenges.
Leadership potential
When it comes to succession planning, the task can prove daunting especially for an organization that has enjoyed prosperity under stable leadership for decades. Add in a pandemic and a financial crisis and well-laid plans took unique twists and turns to future plans during these unprecedented times.