Workshop: Who Will Take Over?
Succession Planning: How to Thrive at the Intersection of Family and Business
How do we help the family business owners in the next generation stay together? Who will take over? The way family businesses address, plan for, and communicate about these questions can make or break whether the family and the business successfully navigate the leadership transition they will inevitably face. Join Ben Persofsky, Director of the Brown Brothers Harriman (BBH) Center for Family Business, and Kathryn George, BBH Partner, for a conversation on the common pitfalls of succession exercises, what often creates conflict in family business governance and how to address those potential challenges to enable your family and your business to thrive for generations.
Speakers - From Brown Brothers Harriman & Co.Kathryn George
Kathryn George is a Partner of Brown Brothers Harriman, where she is responsible for Private Wealth Management and Global Human Resources. She is also the Chairwoman of the BBH Center for Women & Wealth.
Ms. George has over 30 years of experience in the financial services industry. She joined BBH in 1986 and has served as the Head of Merchant Banking and of Equity Sales, Research and Trading and has overseen Global Compliance, Internal Audit, Office of the General Counsel and Enterprise Risk Management. She has chaired the firm’s Governance Risk and Compliance Oversight and Institutional Risk and Credit Committees and is currently the chair of the Private Banking Investment Oversight Committee and a member of the Private Banking Oversight Committee and the Capital Partners Investment Committee.
Ms. George is the chairman of the board of Gillen Brewer School, a trustee and member of the Executive Committee of Trinity College and a trustee and member of the Executive Committee of the Episcopal High School in Alexandria, Virginia, where she chairs the Investment Committee. She graduated Phi Beta Kappa from Trinity College.
Senior Vice President and Co-Head of the BBH Center for Family Business
Benjamin Persofsky joined Brown Brothers Harriman in 2010 and is a Senior Vice President in the Private Banking division. Mr. Persofsky co-leads BBH’s Center for Family Business, where he counsels some of the largest family business owners in the U.S. on issues that arise at the intersection of the family and the business. These issues include owner strategy, governance, succession planning, transition and capital policies. Mr. Persofsky also oversees the Corporate Advisory & Banking team in Philadelphia, which provides strategic advice and helps deliver senior debt, private equity and investment advisory solutions to premier middle-market businesses and their owners in the Mid-Atlantic region.
Mr. Persofsky graduated from Lafayette College with an A.B. in economics and business. He attended the University of Oxford as a visiting student concentrating on research in organizational behavior and developmental economics. Mr. Persofsky serves on the board executive committee of the Philadelphia School Partnership and is a board member of the Delaware Valley Industrial Resource Center.