When the founder CEO of one of the world’s most valuable — and innovative — companies steps down, it’s bound to raise questions about the future of the business. Jeff Bezos’s decision to step back from day-to-day operations at Amazon provokes particular concern because the company has been an unbelievable innovator under his leadership. Similar worries have persisted about Apple post-Steve Jobs. Will these innovative companies lose their way without the founder’s drive and creativity? The fear is legitimate, because research validates our hunch that founder-led businesses truly are more innovative. One such study, focused on S&P 500 companies, found that those where the founder was still at the helm generated 31% more patents than those led by professional CEOs. But in the post-founder phase, many companies lose their innovation mojo and turn into sclerotic bureaucracies.
Veranese Promoted to CEO of AMI
With the continued growth and evolution of Advanced Manufacturing International, Inc. (AMI), the
