Succession and Growth in a family business

CEO Michael Mitten from Houghton International talks about his journey in the challenges in the early days of growing a family business and the learning to enjoy the responsibility of a CEO role.

Family businesses are an integral part of our economy and in this podcast I talk to; Michael Mitten, CEO of Houghton International, who shares his story around succession and the challenges he faced in growing the family business to being the best in the world in improving the performance of electro mechanical assets around the world.

Michael took on the CEO role in 2006 and the companies Head office, the Ronnie Mitten works, is based in Shields road, Newcastle Upon Tyne. They serveĀ  industries such as power generation, rail, oil and gas, mining, water and wind power, manufacturing and bus and coach.

Here is the link

Topics we cover:-

1. How did you start out in the business?
2. How did you become CEO?
3. Looking back, wearing another hat, what advice would you have given the Directors in those early days around succession for the next generation?
4. When you took the CEO role on, how did you know the way forward?
5. What were those challenges in the early days in 2006?
6. How did you embed the values into the business?
7. What are the challenges today and for you as CEO?
8. What advice would you give a CEO about how to let go?
9. It is a lonely job at times as a CEO. How do you continue to enjoy the responsibility?
10. What advice would you give a young person starting out in business around integrity?

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