Family Business Succession Planning: Learning from the New York Times

On October 19, 2016, Arthur Gregg Sulzberger was named deputy publisher of the New York Times, paving the way for the fifth generation of the Ochs-Sulzberger family to lead the family enterprise. He was one of three cousins vying for the position and his appointment concluded a long and careful process designed to ensure a smooth succession from the fourth to fifth generation.  An important factor in his being chosen was his leadership role in innovation within the company.   Read more about the succession process here.