In June 2017, Andreas von Specht participated at the “EY Global Family Business Summit” in Monaco. In front of delegates from family businesses around the world, he moderated a panel discussion on “When genes are not enough: how to attract, retain and nurture top non-family management”. Member of the panel included Guido Vanherpe, Managing Director of the third generation Belgian La Lorraine Bakery Group, Charly Kittredge, head of the sixth generation US Company Crane & Co., and Dr. Mohsen Sohi, the second external and first non-German CEO of the Freudenberg Group. Together, they discussed the value external managers can add to family businesses and how to ensure their successful integration.