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establishing board
directors and John
Tolmie as the new CEO
taking over from Peter.
“Now Peter Lancken is
back as Chairman of the
Board.
“In the early days,
there was no plan, we
just did it as we saw fit
and Nev and I ran the
business that way for 27
years.
“From a management
perspective, when we
wanted to step out of
the business we brought
in general managers
from outside to operate
the business for us. We
didn’t have kids at the
right age at that point
to step into the role for
us, and we advised our
kids after that, if they
wanted to work in the
family business that is
their right, but they might
never become CEO. We
explained we needed to keep the best person in the management
role. We lowered our kid’s expectations of where they might be in the
family business and they understood that.
“Most family businesses reach a situation of deciding what to do
with succession. When this arises I urge them to join FBA and discover
the alternatives available.”
Family Business Australia is the Peak Body for Family Business
committed to fostering the success and sustainability of all Australian
families in business.
Members of the FBA are able to:
• Meet other like-minded family businesses
• Join a Forum Group
• Attend courses designed specifically to meet the needs of families in
business
• Come along to our conferences and networking events
• Find an FBA Accredited Adviser to assist you with your family
business issues
• Be part of a voice to government as we represent the engine room
of Australia’s economy
For more information visit: www.fambiz.org.au
HR
INDUSTRY IN FOCUS
22 | HIRE
AND
RENTAL
NEWS
| MAY 2012
‘Keeping it all in the family’ continued...
Andy Kennard at the HRIA AGM in October 2011
“Most family businesses reach a
situation of deciding what to do with
succession. When this arises I urge
them to join FBA and discover the
alternatives available.”