But for the new CEO to be successful, should the previous CEO stay and help with the transition…or go?
The outgoing leader who stays on the board can help the incoming CEO understand major adjustments he/she will face and plan for them, as well as provide insights on how the board operates and its agenda.
But there can also be problems if the former CEO doesn’t learn to let go.
Click here to read the latest blog post by Paul C. Winum, Senior Partner, Practice Leader—Board & CEO Services at RHR International, with more insightful information on the positive aspects of keeping the former CEO through the transition, as well as the dangers of doing so, and the warning signs to watch out for.
This article is sponsored by RHR International.