In this episode, Kala Tuohey-McDonald, Sean Tuohey and Mary Tuohey-Fahy discuss the next-generation leadership transition at The Collins Companies, a family-owned industrial distributor of pipe, valves and fittings and engineered specialties with more than a century of history. The siblings reflect on the 15-year succession planning process that culminated in them taking over for their father, how they divided leadership responsibilities based on their strengths and what it means to step into executive roles together after initially resisting the idea of joining the family business. This episode also features more of our conversation with Mitchell Kaneff and his sons Josh and Max of fourth-generation luxury packaging company Arkay, who talk more about their own succession plan. We also continue our conversation with Heath Ochroch, president of Werner Bus Lines, who discusses modernizing the transportation business while honoring his dad's legacy.
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Family Business/Business Family