The Wall Street Journal, Sabela Ojea, May 1, 2024
THE WALL STREET JOURNAL: Succession planning is critical to shareholder value and long-term company success. Spanish beauty and fashion house Puig has taken a unique approach: banning its next generation from working within the company. Led by family members since 1914, Puig aims to ensure a smoother transition of leadership and maintain business excellence. Analysts applaud this move, which mitigates family conflicts. DHR’s Jeanne E. Branthover emphasizes,
“Succession planning isn’t only about identifying the next CEO, but about making a company bigger and better.”