Preparing for a smooth leadership transition

By: Eastern Bank's Commercial Banking Team

Outlets: NH Business Review

Published: July 21, 2026

Words: 729

Last Updated: 1 week, 5 days ago


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Succession planning for your business goes beyond naming the next leader. It involves preserving continuity for your employees and customers, as well as supporting the company’s long-term success.

For many business leaders, succession planning is not a distant concern; it is a current priority. In fact, a recent survey of leaders of New England middle-market companies shows that 85% have a formal succession plan in place and 16% have enacted one. Still, many are concerned …

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