Event Calendar // Succession Planning for Business Owners

Succession Planning for Business Owners

01/30/2020
7:00 am - 9:00 am
Greater Akron Chamber Event Center
388 South Main Street Suite 205
Akron, OH 44311

Ease your mind with Succession Planning for Business Owners
 
The Greater Akron Chamber’s Business Owners Council is a new resource at the Chamber focused on bringing together company owners, principals, and key decision makers to learn from each other, share experiences and support mutual growth and success.

Join us on January 30 for an open dialogue on Succession Planning. When it comes to creating a Succession Plan for a business, there are a great deal of variables and questions to consider, depending on your role as either the current business owner or the potential new business owner. Led by Jack Mencini and Adam Sonnhalter, co-owners and business partners with Maximum Value Partners, LLC (“MVP”), this session will address the major questions each role needs to consider to successfully transition your business. In addition, Jack and Adam will share real-life stories and provide insight on avoiding common pitfalls in implementing a succession plan. 
 
About the Presenters
 
Jack Mencini worked 17 years for several large publicly traded corporations, which exposed him to business throughout the world. He established the Internal Audit function for the Board of Directors at Ferro Corporation and also Brush Wellman Corporation (Materion) reaching the level of Vice President Controller/Administration of a large subsidiary before breaking away to the world of Entrepreneurs. Jack has personally owned and operated 16 companies, which included five troubled companies, which he bought, fixed up and subsequently sold. Jack started MVP in 2002 to help owners of small companies succeed.
 
Adam Sonnhalter started his professional career as an investment banker in New York City for eight years before returning to Cleveland in 2003 to partner at MVP. During his time on Wall Street, Adam was involved in numerous merger and acquisition transactions with value totaling $22 billion in a variety of industries.  In his last role,  Adam was Vice President at BNY Capital Markets, where he set up the company’s first satellite office while splitting his time each week between New York City and Cleveland.  Prior to BNY, he worked for Patricof & Co. and Bear Stearns.

 

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