Andrew Keyt, executive director of the Loyola University Chicago Family Business Center, will talk about his new book Tuesday, Sept. 22, in the theater of the Quick Center for the Arts at St. Bonaventure University.
The event runs from 11:30 a.m. to 12:45 p.m. and is free and open to the campus community and general public.
“Many students at St. Bonaventure come from a family business. They may go to work for one and will surely interact with family firms who will be their vendors, customers and advisers,” said Dr. Carol Wittmeyer, associate professor of management and adviser to St. Bonaventure’s Family Business Club.
“This program will help them prepare for all those roles as they hear current succession research from a global authority on family business and also lessons learned from a panel of our own alumni, well-known young successors who can help students imagine and prepare for the opportunities and challenges they will find on their exciting journeys,” she said.
Discussing the lessons he learned in writing “Myths and Mortals: Family Business Leadership and Succession Planning,” Keyt will focus on several dynamics of family business succession, including:
Immediately after the talk, Keyt will moderate a panel of Buffalo-area St. Bonaventure alumni who are the successors in their family businesses. The panel discussion will be followed by a question-and-answer period.
The panelists are Bill Paladino, ’93, (Finance), CEO of Ellicott Development; Mike Lawley, ’92, (Political Science), Partner at Lawley Insurance; and Joe Sahlen, ’02, (Accounting), Sahlen Packing Company.
Keyt is a third-generation business owner with firsthand experience with the challenges of being part of a family-owned business. He has dedicated his professional career to helping other families navigate the unique ownership challenges and complex transitions that come along with successful family business stewardship.
Keyt’s personal story and witnessing the growth and transformation of many successful family business leaders inspired him to write “Myths and Mortals” (Wiley, July 2015).
The book is based on years of research and interviews with great next generation leaders such as Christie Hefner, Bill Wrigley Jr., and Massimo Ferragamo. Keyt’s acute family business insights have been featured in The Wall Street Journal, Chicago Tribune, Los Angeles Times, Fortune Magazine, The Economist and Family Business Magazine.
The Loyola Family Business Center is dedicated to helping multigenerational family-owned businesses grow, transition and learn. The center serves some of the largest family firms in the United States and Canada, businesses ranging in size from $25 million to $8 billion in annual sales.
Paladino took over for his father, Carl — company founder and 1968 SBU graduate — as CEO of Ellicott Development in 2010. He began work there soon after graduation from SBU, serving as a project manager before being promoted to vice president of development in 1998; senior vice president of leasing and development in 2006; and chief operating officer in 2009.
Lawley joined Lawley Insurance, now in its third generation, in 1995 as an account executive and became a partner and director of sales in 1999. Previously, he worked for Cigna Healthcare in New York City in the employee benefit sales. Lawley has nearly 20 years of insurance experience.
Sahlen’s great-great-grandfather Joseph started Sahlen’s in 1869. Joe started working at Sahlen’s as a teenager in the mid-1990s, fixing pallets and mowing lawns until he was old enough to drive. He has worked “pretty much every job in the plant” since, and now concentrates on raw material procurement and pricing.
Jim Stitt Jr., ’12, of Cutco Corp. and Laurie Branch, ’04, of Iroquois Insurance will be giving the opening and closing remarks, respectively.
The program will also include a Family Business Display in the Quick Center, featuring student and alumni sample products and promotional materials, Wittmeyer said.
The event is organized by St. Bonaventure University’s Management Department and Family Business Club and is sponsored by the Visiting Scholars Committee and Betty Ramming, in honor of her late husband, Allan Ramming, class of 1963.
About the University: The nation’s first Franciscan university, we believe in the goodness of every person and in the ability of every person to do extraordinary things. St. Bonaventure University cultivates graduates who are confident and creative communicators, collaborative leaders and team members, and innovative problem solvers who are respectful of themselves, others, and the diverse world around them. Named the #3 best college value in the North by U.S. News and World Report, we are establishing pathways to internships, graduate schools and careers in the context of our renowned liberal arts tradition. Our students are becoming extraordinary.
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