It is extremely risky to let CEO succession planning slide. Not having somebody ready when the CEO decides to leave, is forced out or dies, can put any company into a leadership crisis.
With a united front, transparency and a succinct transition plan, the CEO transition can mitigate what can otherwise be a painful and challenging process, while assuring employees that they’re still core to the corporate mission.
Recent incidents involving sexual harassment emphasizes the ticking time bomb for many organizations across industries: a complete absence or severely underdeveloped succession management capabilities.
The same confidence—born of experience and success—that makes a CEO a great leader, can often be what stands in the way of selecting their successor.
CEOs need to know when they’re skills are no longer needed for the company’s growth path. Companies flourish when their performance needs are tightly aligned with a complementary CEO’s leadership skills.
We asked approximately 100 CEOs attending our annual CEO Talent Summit, held this year in West Point, New York, on how they develop future leaders at their company.
It's rare for one Jeff to disagree with another, but Sonnenfeld says that Cunningham is wrong: GE’s recent action in firing John Flannery was not a unique, one time succession phenomena. He offers a rebuttal to the notion that these board insurrections are unique.
Snap, parent company of social media platform Snapchat, is having well-publicized issues, with executive departures and a deteriorating morale. Here are three strategies the company can take to get back on track.
Sergio Marchionne had to leave the top spot at Fiat Chrysler without ensuring the long-term viability of the company’s brands, products and workforce. Even still, his failings won’t tarnish the remarkable legacy of Marchionne’s nine years at the helm of America’s No. 3 automaker
A rash of unplanned transitions offer lessons to sitting CEOs at a time of waning tenures. Here are five takeaways for CEOs on when you have to exit the job unexpectedly.