The Family Business Network

The Family Business Network

February 17, 2009 12:10 ET

New President of the International Family Business Network Advocates Family Business Values to Overcome the Economic Crisis

LAUSANNE, SWITZERLAND--(Marketwire - Feb. 17, 2009) - At a meeting of the Family Business Network in Amsterdam early February, the Board thanked Hans-Jacob Bonnier, Executive Vice-President of Bonnier Group, Sweden, for his important contribution to the development of FBN-International over the last six years and elected Thierry Lombard, Managing Partner of Lombard Odier, as president. Thierry Lombard has been active on the Board for the past 12 years.

The new president is a passionate supporter of the family-owned enterprise model which he believes will remain strong through the economic crisis.

According to Thierry Lombard, 'Many family businesses have overcome crises in the past and emerged stronger. Through the Family Business Network we should help our fellow family businesses around the world to meet today's challenges by benefi ting from each other's experience and building on our strengths.'

Stepping up to his new responsibilities in the midst of the economic crisis, Thierry Lombard urges family businesses to continue to demonstrate their strength and the quality of their governance, stating: "The global system is discovering that without deep-rooted human values, economic success cannot last."

Family businesses are a cornerstone of the global economy, thanks to their values of economic, social and environmental responsibility. Taking the long term view, their structure and entrepreneurial approach typically gives them the fl exibility to meet challenges while projecting for the future and the generations to come.

Thierry Lombard ended his inaugural statement declaring that family businesses have the collective responsibility - now more than ever - to lead by example and demonstrate that it is "strong human values" that make economic success sustainable through the generations.

Contact Information

  • Family Business Network - International
    Olivier de Richoufftz
    Executive Director
    +41 21 618 06 05 or Mobile: +41 79 278 05 62