4 Companies with Successful Co-CEOs
After 20 years, RIM’s co-CEOs have stepped down in favor of a singular CEO, Thorsten Heins, the former co-COO of the company. Co-CEOs, however, seem to get a bad rap, and a 20-year partnership is nothing to scoff at. Here are a list of 4 successful companies who have made a CEO partnership work. With a name like Smucker’s it has to be good.
January 31 2012 by ChiefExecutive.net
Recently, the two CEOs of RIM stepped down and handed the top spot over to former COO Thorsten Heins. Just because the company is moving from two CEOs down to one, it doesn’t mean that a CEO partnership can’t work. The fact that Jim Balsillie and Mike Lazaridis are stepping down, doesn’t mean that two chief executives don’t work. After all, the did spend 20 years working side by side.
Forty-four U.S. companies in the Russell 3000 already have co-CEOs, and 48 companies outside of the U.S. have moved to the co-CEO model, according to a GMI study.
There are other successful companies who have co-CEOs. Four Companies with successful co-CEOs are: