Mainebiz

V O L . X X V I I I N O. X X V I O C T O B E R 3 1 , 2 0 2 2 4 PUBLISHER Peter Stanton ASSOCIATE PUBLISHER Andrea Tetzlaff EDITOR Peter Van Allen DIGITAL EDITOR Ann Fisher SENIOR WRITERS Renee Cordes, Laurie Schreiber STAFF WRITER Alexis Wells CONTRIBUTING WRITERS Mark Jeanneret, Bridget Reed Morawski Carrie Yardley RESEARCH DIRECTOR Stephanie Meagher RESEARCH ASSISTANT Heide Martin ART DIRECTOR Matt Selva HOSPITALITY EMERITUS Zoey SENIOR ACCOUNT MANAGERS Ken Hanson, Kerry Rasor, Betsy VanderPloeg MARKETING/OPERATIONS DIRECTOR Alison Nason OPERATIONS COORDINATOR Allison Spies AUDIENCE DEVELOPMENT SPECIALIST Leah Allen C O N T E N T S Tips for next-gen family-business leaders 15 16 Stepping up Next-generation leaders take the helm at four Maine family businesses 24 Division of labor In jointly owned businesses, couples navigate who does what FA M I LY OW N E D B U S I N E S S F O C U S For more than 150 years, Machias Savings Bank has been helping creative, innovative, and forward- thinking businesses thrive — like our friends at MEDRhthms Therapy who are restoring the lives of patients through music and science! Businesses like this are moving Maine forward, and that's why we work hard every day to provide the products, services, and solutions necessary to help make the hopes, goals, and dreams of Maine businesses a reality . So, how can we help you find your "YES!"? machiassavings.bank + A division of New England Business Media LLC C E O / GROUP PUBLISHER Peter Stanton P R E S I D E N T Tom Curtin DIGITAL DIRECTOR Jan Holder P H O T O / L A U R I E S C H R E I B E R Christina Livada, president of blanket maker ChappyWrap. Aaron Sprague and Karen Roper of Acadia Yurts & Wellness Center in Southwest Harbor P H O T O / T I M G R E E N WAY 16 24

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