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You are here: Home / Archives for Succession planning

Leadership potential

December 2, 2020 – By Christopher Adam Leave a Comment

Businessman with a magnet pulls wooden figures of people out of big crowd.

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.

Filed Under: 2020-Dec-Jan, Current Issue, Succession Planning Tagged With: Charles Schalliol, Cynthia Roberts, First Merchants Bank, Hoeppner Wagner & Evans, Indiana University Northwest, James Jorgensen, Leadership Institute, Mark Hardwick, Michael Rechin, Michael Stewart, Michele Kawiecki, Purdue University Northwest, Rev. Dr. Eric Albert Zimmer, Sheila Brillson Matias, Sister Angela Mellady, Sisters of St. Francis of Perpetual Adoration, Succession planning, University of Saint Francis

Holladay Properties CEO John Phair stepping down from post and names COO Tim Healy as successor

January 2, 2020 – By Larry Avila

John Phair, who has served as president and CEO of South Bend-based Holladay Properties the past 20 years, is stepping down from the post.

Filed Under: Business News Bits, Real Estate Tagged With: AmeriPlex Merrillville, Around the Region, CEO, commercial real estate, John Phair, Succession planning, Tim Healy

Be smart, plan for what’s next

March 28, 2019 – By Jerry Davich Leave a Comment

Geisen Funeral Homes

Experts say best succession plans prepared in advance, not out of last-minute necessity or tragedy Mylese Tucker never considered having a succession plan for her business, Nature’s Cupboard, until she served on the board of the Independent Natural Foods Retailer Association. One of the group’s first strategic goals was to implement a succession plan. “We […]

Filed Under: 2019-Apr-May, Professional & Legal Advice Tagged With: Burke Costanza & Carberry LLP, Craig Menne, Geisen Funeral Homes, General Insurance Services, George Carberry, Larson Danielson Construction, Nature's Cupboard, Northwest Indiana, Succession planning, Terry Larson

Anatomy of buy-sell agreement

March 28, 2019 – By Calvin Bellamy Leave a Comment

Calvin Bellamy

Owners usually have two choices when considering how companies will go on without them Succession planning is vital to the continuation of any business. And when there are multiple owners—partners, members, shareholders—no single document is more important than a comprehensive, up-to-date buy-sell agreement. Failure to have such an agreement adds confusion and stress at the […]

Filed Under: 2019-Apr-May, Professional & Legal Advice Tagged With: Bank Calumet, Buy sell agreement, Calvin Bellamy, Krieg DeVault, Northwest Indiana financial institutions, Succession planning

Tips for making plan for future

December 3, 2018 – By Lesly Bailey Leave a Comment

Kevin Kruggel, partner at Kruggel Lawton CPAs

Solid succession strategies keep companies growing, prospering Pete Korellis knows his business and those who work for him will be taken care of long after he decides to step away from his company. He recognizes succession plans are vital for entrepreneurs to ensure their businesses thrive in the future. “A well-thought succession plan is one […]

Filed Under: 2018-Dec-Jan, Professional & Legal Advice Tagged With: business stability, family business, leadership transition, ownership transition, Succession planning

Print Issue

December-January 2020

December-January 2020 issue

Magazine Articles

In this issue

Around the Region

People first attitude

A fresh look at numbers

Sound mind and body

Leadership potential

Guidance for entrepreneurs

Advocate for children

Legacy of environmental trust

Outdoor adventure awaits

Viewpoint: Better workforce essential

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