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“You can never tell what’s around the corner”: Here’s how to nail succession planning

Chartered Management Institute

This was back in 2010, and Bill was planning to retire within three years, then sell the business via a management buyout process (MBO) to a new management team that he would put together. There’s now a new board of directors, including a new MD, an R&D director, a technical director and a finance director. Turnover was £4.5m