Selden’s Uniforms recently celebrated its 100th anniversary by announcing that Julie Selden Holt, a fourth generation family member, would succeed her father as CEO. To the public, this was not unexpected, as Julie had become a highly visible member of the local business community during the 10 years since she returned with her MBA from a stint with Levi’s. For the family, the announcement was the culmination of seven years of intense succession planning that was only partially complete.
 
Leadership succession in the Selden family business began 15 years ago when Ted Selden and his daughter Julie ...