Insights from BNP Paribas’ NextGen Experience on alternative proteins, legacy building and AI

Succession in a family business

In a panel on succession planning for a family-owned company, BNP Paribas invited Eu Yan Sang third-generation leader Richard Eu and his eldest son, Richie, to share their experience. Eu Yan Sang is a more-than-century-old traditional Chinese medicine company with over 180 retail outlets across four markets in Asia, including Hong Kong and Malaysia. When Richard stepped down as group CEO of the parent company Eu Yan Sang International (EYSI) in 2017, he chose to pass the baton to a non-family member—and this remains so today. Richie is currently managing director of the mergers and acquisitions department at EYSI.

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Sharing how the family maintains a healthy relationship with each other, Richie shares the importance of setting…