Pass the Torch with Purpose | Scott Stern of Stern Co.

Scott Stern of Stern Co. shares how stepping back, empowering a non-family CEO, and mentoring his children fuel the company’s next generation. Scott Stern, second-generation leader of Co., reflects on nearly 50 years of family business history and the lessons that come with passing leadership to the next generation.  After decades in the business, Scott recognized the moment had come to step back — not because he didn’t care, but because the company and his family needed space to grow under new leadership. Scott shares what it feels like to let go of the day-to-day and how his family noticed his leadership fatigue before he did. [7:45] “Sometimes . . . historical solutions don’t solve current problems. That really raised a level of awareness with me that now is really my time to step back.” Scott describes what the transition to a trusted non-family CEO looked like, his daughters’ and son-in-law’s involvement, and how clear governance, outside perspectives and strong leadership have strengthened the company.  [20:39] “I think every day as a CEO or president if you walk into your company and say, ‘How can I make the people better in this organization today than they were yesterday?’ That’s a win. That’s exactly what we have to focus on.” Scott’s candid reflections on timing, patience, and why leaders should step back while they still have time to mentor and transfer knowledge are invaluable. His insights will resonate with any family business leader grappling with legacy, succession, and the desire to see their company and family thrive in the future. Links Scott Stern | LinkedIn Stern Co.’s Website Prairie Family Business Association’s Website