How Key Non-Family Leaders Impact Succession | Jake Quasney & Becky Word of Lloyd Companies

Family Business Connection

Jake Quasney and Becky Word of Lloyd Companies join Family Business Connection to discuss their roles as key non-family leaders in a family business. Jake is the Chief Operating Officer and Becky is the Chief of Staff of the Sioux Falls-based real estate company offering development, construction, property management, hospitality, and apartments.

We hear their unique perspectives relating to how the Lloyd family’s plan for succession evolved over time, including how they incorporated employee input about the future of the company. We also discuss how the Lloyd family first developed their advisory board before it became a fiduciary board and the transformation that process has had on several areas of the company.

To learn more about Lloyd Companies and their real estate services, you can visit LloydCompanies.com. Owners Craig and Pat Lloyd also received PFBA’s Lifetime Achievement Award in 2023. Read more about the Lloyd family’s story and how they’ve been involved with PFBA:

https://fambus.org/award/lloyd-companies/

After hearing about a family business operating with a board, are you wondering how you can take the next step in developing your own board for your family business? We can help! We offer a program called Board Bootcamp that helps business owners, next generation leaders, and current board members create high-performing boards, advisory teams, or fiduciary units. We also have like-minded individuals in the family business community who are looking to build, maintain, and improve their boards. We’d love to connect you! Read more:

https://fambus.org/board-bootcamp/

Family Business Connection will be 10 episodes featuring stories from all kinds of family business leaders that guide the family businesses to thrive for generations.

Thank you to this episode’s sponsor, VTH Works!