Betts Company to Participate in Family Business Succession Panel at Fresno State

FRESNO, Calif. - Jan. 7, 2016 - PRLog -- Leaders from Betts Company will take part in a panel discussion on family succession planning Wednesday, Jan. 13, from 4 to 6 p.m. at the Fresno State Institute for Family Business, part of the Craig School of Business.

The presentation titled “Betts Company: Evolution through Six Generations – How a Family Business Can Thrive for 150 Years,” will feature Bill Betts, president and COO, and Mike Betts, chairman and CEO. In addition, Neil Koenig, a Clovis, California-based business consultant who specializes in family businesses will participate in the panel that will be moderated by Tom Marx, CEO of Marx Group Advisors, a San Rafael, California company specializing in mergers and acquisitions in the automotive and heavy duty aftermarket.

The seminar will look at how the Betts Company has been owned and led by members of the Betts family without interruption throughout its rich 148 year history and continues to reflect the passion and values of the Betts family. Particular attention will be given to the leadership transition that occurred in 2015 when Bill Betts became president and COO, succeeding his father, Mike, who now holds the title of chairman and CEO.

“Just like a baton that is passed in a relay race must be done precisely and in a timely manner, transitioning a business between generations is much the same way. Part of our panel discussion will look at the process we followed when I stepped in to the lead the company, representing the next generation of the Betts family,” explained Bill Betts. “We will help the audience understand all the planning that took place to effectively communicate this to our employees and extended family as well as externally to our customers and the media.”

Part of the panel presentation will include a question and answer session. A wine and cheese networking reception will follow the event. Space is limited and reservations can be made by contacting Lori Few via email at Lfew@csufresno.edu or phone 559-278-5662. For more information, visit http://www.fresnostate.edu/craig/ifb/events/index.html.