CEO Succession & Governance at WEG Group

Friday, October 11th
11:15 - 12:30
Rio de Janeiro II room
WEG Group, Brazil
Décio da Silva, Chairman of the Board of Directors and former Family CEO
WEG Group, a family-run, multigenerational and multibillion euro Brazilian enterprise, operates worldwide in the electric engineering, power and automation technology areas. The company produces electric motors, generators, transformers, drives and coatings and has operations in around 100 countries and approximately 24,000 employees. The goal of this session is to address the important topics of succession and governance. Mr da Silva will talk about the challenges that arose and lessons learned in successions, next-generation transitions and governance at WEG. Members of the global family business consulting practice of Egon Zehnder will provide broader international context for the issues raised, which will include:
- Family and non-family CEO succession
- Professionalizing family and corporate governance
- Next generation transition
- The power balance with non-family management
- Expanding the business internationally
WEG Group, Brazil
Moderated by Egon Zehnder