Jim McHugh Thumbnail

Jim McHugh

Board Member
Southworth International Group, Inc., Kennebec Technologies
Jim McHugh is the founder & CEO of McHugh & Co., a strategy and performance improvement consulting firm. Jim specializes in fixing Stuck companies.͟ He created the Stuck’s business diagnostic tool that identifies nine distinct yet interrelated business challenges that cause a company to underperform. His practical approach to working with the leadership of these Stuck companies has produced substantial improvements in strategic focus and alignment, operating performance, organizational clarity, profitability, cash flow and shareholder value. His operating roles include Chairman and CEO of Chi-Vit Corporation and President of Strategies, Inc., an information technology consulting firm. He co-founded (2005) and leads the Maine Board Forum CEO Peer Group. Jim’s current board positions include Southworth International Group, Inc. and Kennebec Technologies, Inc. In the past Jim has served on the boards of Beckwood Services, Inc., Climax Manufacturing Company, The RETEC Group, Inc., Shield Pack, Inc., Chi-Vit, Inc., Questech Metals, Inc., and the Advisory Boards of Seaman Paper Co., Inc. and Animation Technologies, Inc. He is a former director of the Boston Chapter of the Association for Corporate Growth and founder of The Concord Vine, a monthly breakfast group of operating executives, private investors, corporate development professionals and attorneys. He writes regularly on his blog at www.9Stucks.com and for numerous business publications. He graduated with an A.B. in economics from Bowdoin College and an MBA from The Amos Tuck School of Business Administration at Dartmouth College. He earned his CPA while employed with Arthur Andersen & Co.

SESSIONS

Private Board Basics Panelist

This session spotlights speakers from private companies whose boards have contributed to their success. They will describe practical steps they took to build their boards and how they managed the transition from a family/insider board to a professional board. Learn the nuts and bolts of their board journeys, including:

  • what board structures they choose (advisory or fiduciary, fully or partially independent)
  • how they find and compensate directors
  • lessons they learned and how they adjusted to create high-functioning, strategic boards

Panelists:  Mary Andringa, Chair of the Board, Vermeer Corporation, Jim McHugh, board member, Southworth International Group, Inc., Kennebec Technologies

Moderator:  Greg Greenleaf, Partner, The Family Business Consulting Group