The volatility of the value of a company is not uncommon around the unexpected exit of an organization’s leader, experts said, but what the management of a company does before and, in the short term after, sudden disruption in its leadership succession and ownership protocols, can determine its long-term success and survivability.

Ollie’s Bargain Outlet Holdings Inc. officially announced Tuesday that its board of directors named John Swygert as its new president, CEO and member of the board.

Mark Butler, the man who rang up the first sale at the discount chain he help create in 1982 – Ollie’s Bargain Outlet – before going on to become its CEO, was remembered this week as a master businessman and philanthropist.