---
title: "Passing the baton: Creating v… | Insights — Lyoen & Partners"
url: https://lyoenandpartners.com/insights/passing-the-baton-creating-value-through-ceo-succession-at-family-businesses
description: "Published 3 February 2026, 20 pages, on 200 publicly traded family-owned businesses across 40 countries and nine sectors, average age 84 years and median…"
lang: en-US
---

Skip to content

Skip to main content

← Insights: https://lyoenandpartners.com/insights

Tuesday, February 3, 2026succession

# Passing the baton: Creating value through CEO succession at family businesses

Published 3 February 2026, 20 pages, on 200 publicly traded family-owned businesses across 40 countries and nine sectors, average age 84 years and median annual revenue USD 4.2 billion, whose CEO changed between 2000 and 2020, plus a survey of leaders at 170 distinct family-owned businesses in 36 countries and discussions with 15 more. Total shareholder return declined by 5.7 percentage points on average in the five years after a transition compared with the five years before, and slightly over one third of transitions created value: 39 per cent of transitions to non-family executives against 29 per cent to family executives, but the value-creating family transitions delivered a 23 percentage point TSR increase against 14 points for non-family. McKinsey names neutral governance mechanisms including a dedicated transition committee as one of five foundational practices and describes the whole process as an eight to fifteen year journey.

Sources

McKinsey and Company (https://www.mckinsey.com/industries/private-capital/our-insights/passing-the-baton-creating-value-through-ceo-succession-at-family-businesses)

## Structured data

```json
[
  {
    "@context": "https://schema.org",
    "@type": "WebSite",
    "name": "Lyoen & Partners",
    "url": "https://lyoenandpartners.com"
  },
  {
    "@context": "https://schema.org",
    "@type": "Organization",
    "name": "Lyoen and Partners Limited",
    "alternateName": "L&P",
    "url": "https://lyoenandpartners.com",
    "logo": "https://lyoenandpartners.com/apple-touch-icon.png",
    "description": "Fractional governance consulting and Board Operating System for mid-market CEOs and scale-up founders in Southeast Asia.",
    "foundingDate": "2024",
    "founder": {
      "@type": "Person",
      "name": "Sylvain Lyoen"
    },
    "address": {
      "@type": "PostalAddress",
      "addressLocality": "Wan Chai",
      "addressRegion": "Hong Kong"
    },
    "sameAs": [
      "https://www.linkedin.com/in/slyoen",
      "https://www.linkedin.com/company/lyoen-and-partners",
      "https://x.com/slyoen"
    ]
  },
  {
    "@context": "https://schema.org",
    "@type": "Article",
    "headline": "Passing the baton: Creating value through CEO succession at family businesses",
    "description": "Published 3 February 2026, 20 pages, on 200 publicly traded family-owned businesses across 40 countries and nine sectors, average age 84 years and median annual revenue USD 4.2 billion, whose CEO changed between 2000 and 2020, plus a survey of leaders at 170 distinct family-owned businesses in 36 countries and discussions with 15 more. Total shareholder return declined by 5.7 percentage points on average in the five years after a transition compared with the five years before, and slightly over one third of transitions created value: 39 per cent of transitions to non-family executives against 29 per cent to family executives, but the value-creating family transitions delivered a 23 percentage point TSR increase against 14 points for non-family. McKinsey names neutral governance mechanisms including a dedicated transition committee as one of five foundational practices and describes the whole process as an eight to fifteen year journey.",
    "datePublished": "2026-02-03",
    "url": "https://lyoenandpartners.com/insights/passing-the-baton-creating-value-through-ceo-succession-at-family-businesses",
    "author": {
      "@type": "Organization",
      "name": "Lyoen & Partners Limited"
    },
    "publisher": {
      "@type": "Organization",
      "name": "Lyoen & Partners Limited",
      "url": "https://lyoenandpartners.com"
    }
  },
  {
    "@context": "https://schema.org",
    "@type": "BreadcrumbList",
    "itemListElement": [
      {
        "@type": "ListItem",
        "position": 1,
        "name": "Home",
        "item": "https://lyoenandpartners.com/"
      },
      {
        "@type": "ListItem",
        "position": 2,
        "name": "Insights",
        "item": "https://lyoenandpartners.com/insights"
      },
      {
        "@type": "ListItem",
        "position": 3,
        "name": "Passing the baton: Creating value through CEO succession at family businesses",
        "item": "https://lyoenandpartners.com/insights/passing-the-baton-creating-value-through-ceo-succession-at-family-businesses"
      }
    ]
  }
]
```