Succession planning is a conversation that we are always having with investment management companies, their corporate boards, and their fund trustees. Most of the time, the solution is more thorough advance planning, rather than executive search. This was a well-researched article by Board IQ on the topic of the Gabelli investment organization. It is more than evident with a number of Co-CEO and Co-CIO roles already in place, that the firm had gone to great lengths to prepare for the transition of an aging founder who was still very active in the firm’s day-to-day activities.
