"I have been asked by the Institute for Family Owned Business to participate in a forum at Husson College. I am very honored!" Steven P. Cote
What: Family Business Forum- "Learn from the Best: Challenges and Successes of the 3Gs (Generations)" (Continental breakfast included)
Where: Husson University, Southern Campus, 340 County Road, Westbrook
When: Wednesday, June 17, 7:30 -10 a.m.
Join the Institute for Family-Owned Business as we continue our Family Business Forum created to help family businesses navigate through successful succession planning and the ups and downs of the economy. Family-owned businesses make up over eighty percent of Maine’s businesses. In any five-year period nearly 40% of family businesses will pass the baton to the next generation and, when that occurs, statistics are alarming: only 30% survive to the second generation, 13% to the third generation, and 3% to the fourth.
We’ve gathered two panels of experts who have successfully navigated this transition of the “3Gs” - family businesses that have beaten the odds and successfully passed the business to the third generation and beyond. Not all companies used a common recipe for their success, they all took different paths to become who they are today and sometimes the best way to keep the family business was to not keep it in the family. We’ll hear from our second panel of non-family leaders in the family business.
Steven P. Cote - President, Chalmers Insurance Group
A 1989 graduate of Bowdoin College and veteran youth basketball coach, Steve was promoted to President of Chalmers Insurance Group (a fourth generation family-owned business) in January of 2014, the first non-family member to lead the Agency in its 158 year history. A licensed Property and Casualty Insurance Agent in Maine, New Hampshire and Vermont, he has served as a trusted risk management advisor to individuals, families and businesses for over 25 years. Steve often represents Chalmers as an advisory board member to many carrier partners. Current and past advisory affiliations include: Hanover Insurance; Peerless/Liberty Mutual; Acadia Insurance; MMG Insurance; Main Street America Group/NGM Insurance and Patriot Insurance.