Reply To: After integrating a family business, should the former owner remain or not?


Christoffer Balieu

As already mentioned, this certainly depends on the situation. However, given that there is good chemistry between the seller and buyer, I believe it is wise to keep the original owner in the management team for at least a while. This is because nobody will know the business better than he does, and he can, therefore, help the buyer integrate a new management team, that over time will be able to completely replace the previous owner of the company. Nonetheless, it would never be wise to lose the previous owner’s know-how of how to successfully run the family business by instantly replacing him; this, of course, given that there are no other complications present that would require his immediate exit.

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