Puig Policy to Exclude Next Generation Can Help Ease Succession Concerns

The Wall Street Journal, Sabela Ojea, May 1, 2024

May, 2024

In the Media

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.”

Read the full article here.

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