McKinsey studied 200 family business successions. The biggest problem wasn’t the heir — it was the outgoing CEO

Acha Leke is a senior partner in McKinsey’s Johannesburg office, Chairman of McKinsey’s Africa region, and a member of McKinsey’s Shareholders Council—our global governance board. He leads the firm’s family-owned business initiative globally as well as the Transformation and Private Equity Practices in Africa and is a member of the McKinsey Global Institute Council. 

Chaitali Mukherjee is a partner in McKinsey’s Gurugram office. She has previously led businesses in India and across the Asia Pacific and Middle East region.