The best way to stay competitive, build a better tomorrow and stay ahead of your competition is to have a sustainable, long-term succession plan to maintain leadership.
Shortcuts promise an earlier arrival, reduced effort, or less expenditure for a similar outcome. But it's difficult to foresee their risks until they suddenly emerge. Such is the case with CEO succession planning.
American Express chairman and chief executive Kenneth Chenault will step down on Feb. 1 next year after 16 years as CEO, as the company’s board of directors announced it has appointed 32-year AmEx veteran Stephen J. Squeri as its next CEO and chairman.
If energy company CEOs thought their problems with bottoming oil prices were over, they've got another thing coming.
Simply thinking about your successor aisn’t enough. You need a detailed plan—and you need to be honest with yourself about what comes next.
Karl-Thomas Neumann has stepped down as chief executive of GM’s European subsidiary Adam Opel GmbH, and his successor, Michael Lohscheller, will have to grapple with how to turn the money-losing ship around under the helm of Groupe PSA.
General Electric CEO and chairman Jeff Immelt today announced he will step down as CEO on Aug. 1, with current president and CEO of GE Healthcare John Flannery set to take the reigns at that time.
Jeff Cotten admitted he wanted the job, but had nothing but praise for the board.
Mark Fields will be replaced by the head of the auto giant's autonomous driving unit, according to reports.
Heads of large companies are most likely internal appointments who toiled for decades at the same employer to reach the top, survey finds.