Smooth Successions (CONT’D FROM PAGE 26)
Board Converting NEWS INTERNET DIRECTORY
schedule seeing grandkids, spending time with his step- dad, taking vacations. Maybe his retirement, one day, will look like hers. Slowing down in general is not in Nelson’s nature with the business being her priority and passion. A nationally competitive swimmer in her youth, her work-life balance includes participating in Ironman triathlons, weightlifting and CrossFit competitions. “My dad said his success will be defined by my suc- cess. I feel the same way,” she said of the next generation. “What I’m really invested in right now is building our lead- ership culture and our business.” She’s also heavily invested in acquisition decisions. “I want to be a part of that and making sure that we’re choos- ing the right companies that will align with the values of our company.” With 47 years under his belt in the packaging industry, McNay admits he may be “a little closer” to that retirement age, the decision, however, won’t be an easy one. “Our business is who we are. The friendships we make through AICC, and other industry affiliations really defines who we are. I think as I contemplate retirement that’s go- ing to be a struggle.” A struggle because the relationships gained through AICC customers and vendors are not transactional, he said. They evolve into real friendships. “I think we’ve all seen that over the years so that’s go- ing to be a tough thing for me to walk away from,” he said. The other concern is making sure the next generation of leadership understands the culture they were born into, that they embrace it and evolve. “One of the things that we look at is, it’s not about what we do and how we do it, it’s about who we are and why we do it. Certainly, the independent side of the industry are those companies that get it from a cultural standpoint,” McNay said. Retirement is not something Brock Welch is thinking about at this stage in his career. He also doesn’t see a time, regardless of age, when his father won’t be involved in the business. He said he’s focused on helping his dad and continuing to earn his trust, confidence, and respect. “It’s at times painful to work through that process,” Welch said of succession planning. “This is his life’s work, this is the legacy, and we want to do it right and we have the unique opportunity to do it together.” Contingency Plans Businesses should be prepared for worst-case sce- narios that would force them to take action with hopefully a succession plan in place to serve as a guide. Prisciotta asked panelists about their business contingency plan for such unforeseeable events. McNay said that all their top leaders are grooming someone for their roles. The key is being prepared by bringing the right people on board. “It’s looking for people CONTINUED ON PAGE 30
ARC INTERNATIONAL www.ARCInternational.com
ARC International is a world leader in the manufacturing of roller products for flexography. The latest nano-technology laser engraving in our NC and NV manufacturing facilities ensures superior quality and consistency in anilox rollers.
AES (ADVANCED EQUIPMENT SALES) www.aesales.net
AES is a leading full-service provider of integrated convey- ance systems specializing in scrap, trim, and dust. AES en- gineers custom scrap systems and works as a partner in process improvement to help businesses achieve greater profitability, productivity, and sustainability. Products include balers, shredders/hoggers, core shredders, filters, fans, and specialized dust control and collection systems. AES is the ex- clusive distributor for the AirShark Rotary Material Separator. For a wide variety of new and used equipment on to- day’s market, visit our website at www.acm-corp.com. BAUMER HHS CORPORATION www.baumerhhs.com hhs is a global leader in advanced gluing, camera verifica- tion and quality assurance systems for the packaging indus- try. Zero-defect quality and elevated production speeds are key parameters in the manufacturing of corrugated boxes. With hhs Xcam Box Monitoring and non-contact flap gluing of corrugated board, hhs offers every option for quality as- surance in the production of boxes with flexo folder gluers. AMERICAN CORRUGATED MACHINE www.acm-corp.com BLOWER APPLICATION COMPANY (BLOAPCO) www.BloApCo.com BloApCo has served the corrugated industry since 1933 with a variety of scrap handling solutions, including Hori- zontal Floor Shredders, Trim Cutters, and Material Handling Fans and Conveying Systems. BloApCo Shredders allow for continuous shredding and pneumatic removal of sheet waste stacks of all sizes, roll slab, cores, and carton scrap.
CORRUGATED MACHINERY SPECIALISTS www.cmsretrofits.com
Leading manufacturer and installer of quality retrofits, up- grades and replacement parts for S&S and Prime Flexo Folder Gluers. Specialists in reconditioning of S&S Flexo Folder Gluers, including ink, air and electrical systems.
CORRUGATOR BELT SERVICE LLC www.corrugator.com
Serving the corrugated box industry since 1991, Chicago- based Corrugator Belt Service LLC maintains corru- gator belts for peak board quality and performance.
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May 12, 2025
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