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Mayer Electric: Protecting the ‘Goose that Laid the Golden Egg’

Succession planning should not be spontaneous in family businesses

March 10, 2015

Mayer Electric, Birmingham, AL, has been a family business since its founding in 1930. CEO Nancy Collat Goedecke spoke with MDM about the processes the family developed and the challenges they have overcome to keep the company healthy and thriving. This article is part of a series on succession planning in distribution.

This article includes:

  • Important decisions involved in succession planning
  • Challenges a family business faces
  • Preparing the next generation

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  • MDM Interview: Creating a Culture of Innovation
  • Succession Planning: Executing the Strategy
  • Manufacturing’s Millennial Dilemma

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