Much is written about succession planning. But what happens when the family CEO dies in the saddle with no identified successor? Here is a case of a $90 million founder-managed business that went through this unfortunate situation, how it ultimately resolved and some lessons learned.
I wanted to share the link below of the NYSE closing bell ceremony I participated in on January 17, 2018 with the CEO, senior executives and Board of Directors for Provident Bank acknowledging the 15th anniversary of Provident Bank’s listing on the exchange. I enjoy serving on the board of this 179 year old financial services institution which was recently recognized as one of Forbes‘ Best Banks in America and named Money’s Best Bank in NJ.