Michel Sallin, who is the co-founder of IMG Enterprises and previously sole CEO, will continue on the board of directors.
While restructuring into a co-CEO model is not a widespread practice, there are a number of Fortune 500 companies, including Samsung and Netflix, with co-CEOs. IMG Enterprises has grown substantially under the leadership of its co-founders, Michel and Veronique Sallin. Originally from France, the Sallins came to the U.S. to pursue their entrepreneurial dream of building a sustainable agricultural business that would last for generations, hoping to pass on a legacy to their children and the community.
It is currently ranked the 27th-largest privately-owned company in Central Florida and one of Central Florida’s Best Places to Work.
The decision to retire and pass on their legacy to their three children is a big transition; however, the three siblings, Melanie Ressler, Timothee Sallin, and Chloe Gentry, have been a close working team at the company for years, reflecting the company’s culture of teamwork and collaborative leadership.
“Each of them has extensive experience with the operational and strategic knowledge of the enterprise, as well as passion and alignment towards our vision,” Michel Sallin said. “Together, they bring a critical understanding of the strategic, financial, operational, and human dynamics of our enterprise.”
Sallin, Ressler, and Gentry come together at multiple points throughout the day, and they have planned meetings every Tuesday to discuss operational updates, strategies, and investment opportunities. They also share an office space together to facilitate communication and collaboration.
“IMG Enterprises is a value-driven company. Most decisions are made as a group and through the spirit of collaboration,” Gentry said. “We firmly believe that together as co-CEOs we can make decisions better than a singular person.”