Succession and Growth in a family business

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

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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 serve  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. Intro
2. How did you start out in the business?   1 min 56 sec
3. How did you become CEO? 5 min 30 sec
4. Looking back, wearing another hat, what advice would you have given the Directors in those early days around succession for the next generation?    9 min 20 sec
5. When you took the CEO role on, how did you know the way forward?   14 mins 50 secs
6. What were those challenges in the early days in 2006?    20 min 20 sec
7. How did you embed the values into the business?  22 min 40 sec
8. What are the challenges today and for you as CEO? 27 min 08 sec
9. What advice would you give a CEO about how to let go? 30 min 45 sec
10. It is a lonely job at times as a CEO. How do you continue to enjoy the responsibility? 35 mins 02 sec
11. What advice would you give a young person starting out in business around integrity?  27 mins 28 sec.

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