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Succession planning

Yesterday

Singapore’s richest dynasty: Kwek Leng Beng (front) and his son Sherman Kwek are embroiled in a public feud over governance.

Singapore’s richest clan in crisis over public father-son feud

Even by the standards of Asian succession dramas, the family feud raging at the Kwek dynasty, who run Singapore’s biggest listed developer, is striking.

February

Myriam Robin, Neil Chenoweth, The Fin podcast.

How Donald Trump upended Rupert Murdoch’s succession plans

This week on The Fin podcast, Myriam Robin and Neil Chenoweth on the bitter fight for control of the Murdoch media empire and why Trump’s reelection has complicated it.

Ross McEwan, left, and Ken MacKenzie pictured in Melbourne on Wednesday.

BHP appoints former NAB boss Ross McEwan as its next chairman

He succeeds Ken MacKenzie, who had chaired the world’s biggest mining company for just over eight years, at the end of March.

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What the ATO wants to know about your family’s succession plan

The founders of some of the nation’s most successful family business will soon turn 70, and the ATO wants to know what comes next.

January

Lindsay Fox and grandson Harry were out and about at the Australian Open on Sunday.

Lindsay Fox debuts new branch of family tree at Australian Open

The trucking magnate, closely flanked by his grandson and newest employee, rubbed shoulders with corporates and bankers at the men’s championship.

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AFT

As wealth whisperers help the rich, one rebel gave it all away

A service industry has sprung up to help wealthy families preserve their fortune through the generations, but Austrian heiress Marlene Engelhorn had other ideas.

Daniel Pinto has decided to step aside.

Jamie Dimon’s top lieutenant departs JPMorgan

The executive shuffle is the latest twist in the long-running question of who will succeed the longest-serving CEO of any major US bank.

December 2024

Rupert Murdoch’s attempt at cementing Lachlan’s control over the media empire was rejected by a Nevada court.

Logan Roy’s death morphed into a real life Murdoch succession drama

Shortly after the fictional patriarch died on television, the family behind the News and Fox empires began to plot life after their patriarch, Rupert.

Nuno Matos has worked at HSBC for several years, most recently in Hong Kong.

ANZ investors see new chief executive Nuno Matos as a clean slate

The bank appointed the former HSBC wealth boss to succeed Shayne Elliott over internal candidates. The Portuguese banker, 57, will take up the job next year.

ANZ boss Shayne Elliot leaves no shortage of unfinished business.

ANZ’s left-field CEO pick piles risk upon risk

A new chief executive with no Australian experience will spend years finishing Shayne Elliott’s signature projects. It’s a perilous sandwich for investors.

September 2024

The Fin - Patrick Durkin and Max Mason

Why the Pratts are fighting over the family fortune

This week on The Fin podcast, BOSS deputy editor Patrick Durkin and senior reporter Max Mason discuss the legal fight over the Pratt packaging fortune.

Rupert and Lachlan Murdoch.

Activist pushes for end of Murdoch voting control at News Corp

Rupert Murdoch’s transition of power to his children has allowed for “complicated family dynamics” to potentially impact News Corp, activist investor Starboard said.

August 2024

Pinnacle Investment Management’s managing director Ian Macoun says his focus is expanding distribution overseas.

Pinnacle funds under management hits record $110b

The multi-affiliate investment manager recorded a 20 per cent jump in assets in 2023-24, with international clients accounting for the bulk of net inflows.

May 2024

Inside the great Rich List wealth transfer

Control of vast business empires is passing to a new generation, forcing families to confront the hard questions around succession planning. Of the 200 richest Australians, 45 are over 80 and control $136.1 billion.

Jamie Dimon.

Jamie Dimon signals his retirement timeline

The chief executive officer of JPMorgan Chase & Co said succession plans at the largest US bank were “well on the way”.

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March 2024

Amcor CEO exits after nine years citing ‘health reasons’

A gruelling 24-7 role overseeing 210 packaging plants in 43 countries has taken its toll on Ron Delia, who has run the business since 2015.

February 2024

Andrew Irvine will don the cape as National Australia Bank’s new chief executive from April 2.

New NAB boss must adopt Ross McEwan’s ‘superpower’

Andrew Irvine’s impressive performance growing NAB’s business bank won him the top job. Now he needs to borrow from the playbook of retiring CEO, Ross McEwan. 

AFR AFR James Judd  story on successsion he owns a vineyard in Main Ridge (Mornington Penisula) Victoria Wednesday 17th January 2024 Melbourne Photo by Eamon Gallagher

Vineyards on the market as succession plans wither

More listings are hitting the market as adult children leave the sector and business conditions get tougher.

December 2023

Vandita Pant will become the face of BHP’s financials next year.

BHP executive shake-up prepares for Henry’s second half

BHP chief Mike Henry has reshuffled his executive ranks as he prepares for his fifth year in the top job.

November 2023

John Messara (left) is among horseracing identies to oppose a government plan to extend the tenure of a top racing administrator

NSW racing plan threatens to split Coalition party room

A growing number in the crossbench and the Coalition are hardening on the bill to extend the Racing NSW chairman Russell Balding’s term

Original URL: https://www.afr.com/topic/succession-planning-1mtp