The Next Chapter: Bringing in Outside Management

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Lurie, LLP

2501 Wayzata Blvd

Minneapolis, MN 55405

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Ticket sales have now ended for The Next Chapter: Bringing in Outside Management. Please review our two other series to attend.
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The Next Chapter: A three-part breakfast series exploring how to navigate business transitions for privately-held companies.

Closely-held companies face unique challenges as they evolve. Careful and strategic transition planning is crucial to support ongoing success and honor the company’s legacy.

Lurie and LymanDoran are bringing together respected leaders who have successfully navigated these transitions to share their stories with you. Whether preparing your company for sale, planning generational succession or building capacity through outside management, this series will offer valuable perspective and insight from leaders who understand the complexities of private ownership and growth.

We hope you will join us for one or all three of these insightful discussions.


Part 3: Bringing in Outside Management

The definition of success in privately-held companies is typically more complex than meeting profitability targets and often includes building upon the founder’s legacy and preserving the family’s investment. Recruiting leadership from outside the family can be a necessity and an asset, but must be approached with care and transparency to ensure alignment around expectations regarding family involvement and use of capital.

Join us for a conversation featuring two privately-held companies that have successfully recruited CEOs. The panel will include owners and executive management, providing both owners’ and executive leaders’ perspective.

Panelists include:

John Brooks & Jill Hesselroth, Intek Plastics

John Brooks has been President at Brooks Family Business for over 19 years. His consulting firm offers expertise in family business governance and ownership/management transitions. Before Brooks Family Business, John was a Fortune 500 business executive with General Mills and Nestle. John has served on a number of boards including those of the businesses his family owns, MOM Brands (recently sold) and Intek Plastics. John can provide perspective from his years as a consultant, board member and third generation business owner.

John holds a B.A. from Williams College and a M.B.A. from the University of Minnesota.


Jill Hesselroth is CEO of Intek Plastics, a privately-held company that engineers and fabricates custom plastic extrusions for medium-to-large OEMs, headquartered in Hasting, MN. Founded in 1961, the company serves a variety of industries and has earned a reputation of excellence for its commitment to continuous improvement, lean manufacturing methods, and investments in materials and process technology. Prior to joining Intek, Jill held executive Global Operations and Supply Chain roles, gaining extensive experience supporting growth and enhancing profit in private companies as well as public, multi-national organizations.

Jill serves as a member of the Board of Directors of MDI (Minnesota Diversified Industries), a business-to-business manufacturing and services organization providing inclusive employment opportunities for people with disabilities. She is a consistent volunteer for Habitat for Humanity and The Salvation Army. Jill is a continuous learner, earning a B.S. from the University of Minnesota as well as certifications in Lean Production Systems, Project Management, APICS, Procurement Management, and Stanford’s Executive Education Program.


Charlie Westling & Eric Roach, Computype

Charlie Westling is CEO of Computype, a family-owned provider of customer focused offerings which consist of labels, automated identification, RFID systems, printers, applicators and services. Throughout its 41-year history, Computype has been at the forefront in developing innovative identification technologies for customers globally in the transfusion medicine, diagnostic laboratory, bio-pharma, tire and rubber, manufacturing, automotive and logistics industries. The company was recently recognized as a finalist for ­­­­­­­­­­­Minnesota’s Best Family Business Awards. Prior to joining Computype, Charlie was President and CEO of Datalink, a publicly-held technology and datacenter services and solutions company.

Charlie serves as Chair of the Board of Trustees of the Dunwoody College of Technology, a private, not-for-profit endowed institution of higher education, with an international reputation for outstanding technical and applied learning educational programs. He also serves on the Board of Directors of Bremer Financial Corporation, a privately-held, $10 billion regional financial services company jointly owned by the Otto Bremer Trust and Bremer employees.


Eric Roach is co-owner and Director of Corporate Marketing and Development of Computype. He joined the company in 1997 in the quality department. During his 19 years at Computype, Eric has held a variety of roles of increasing responsibility across several areas of the company, including purchasing, product management, marketing, business development and strategy. He and his brother Todd have led the successful transition of Computype from first to second generation family ownership.

Eric received his undergraduate degree from Gustavus Adolphus College and his MBA from the Carlson School of Business at the University of Minnesota.


Moderator

Beth Kieffer Leonard, Lurie, LLP

Beth is the managing partner of Lurie, LLP. In her role, she has led the firm’s sponsorship and support of business opportunities for a wide-range of clients. Lurie, LLP has a strong entrepreneurial culture and Beth continues the tradition through her leadership.

With her energetic approach to strategic partnerships, valuable insights, business development skills, and her vast network of advisors, Beth consults with her clients to help them achieve their goals. Her areas of expertise are as varied as the businesses in our community.

Active in several civic organizations, Beth’s leadership role has won recognition from numerous national and regional associations, including “Women in Business Champion” from the Small Business Administration—Minnesota, and the Advocacy Award from the Women’s Business Development Center in Chicago. Most recently, Beth was honored as a “(Real) Power 50” by Minnesota Business. She was also honored among the “2012 Top Women in Finance” by Finance & Commerce. Beth received her Bachelor of Science degree in Accounting at the University of Minnesota—Carlson School of Management. She is a member of the American Institute of Certified Public Accountants and the Minnesota Society of Certified Public Accountants. Beth serves on the board of the Carlson School of Management’s Board of Overseers.


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Lurie, LLP

2501 Wayzata Blvd

Minneapolis, MN 55405

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