COO Forum Presenter Series: Corporate Succession Planning and Employee Ownership - Fri, Feb 13 at 10:30 am ET

​Succession isn’t an event—it’s a process.

​In our upcoming session with Travis Townsend, Jr., we’ll take a closer look at what it really takes to plan for a successful transition. Succession planning isn’t just a box to check—it’s a long-term process that ideally starts five or more years before a change in leadership. We’ll explore ownership models like ESOPs, worker cooperatives, and management buyouts that can both motivate performance and preserve company culture. Equally important, Travis will address the emotional side of succession—how identity and attachment can make letting go difficult—before outlining practical steps like documenting key processes, assessing internal talent, and keeping the plan current.

​This session will help you to:

• ​Understand succession planning fundamentals

• ​Explore employee ownership models that drive performance and preserve culture

• ​Recognize the psychological aspects of succession and how they impact transition

• ​Apply practical implementation strategies to ensure a smooth and successful handoff

​Travis Townsend, Jr. is Co-Founding Partner of Townsend & Lockett, LLC, with over 20 years of experience advising companies─from startups to public entities─on complex business transactions, capital raises and acquisitions. With deep expertise in securities law, financing, and strategic deal structuring, Travis helps clients navigate risk while seizing opportunity.