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Executive Leadership: CEO Succession

Sample Client Issue:
CEO Succession

A client's long-anticipated CEO retirement provoked three questions for the Board of Directors: (i) is there an appropriate internal candidate? (ii) if so, what steps will be required to strengthen his or her readiness for the new responsibilities? And (iii) if not, what is the recruiting profile?

A very successful CEO decided he wanted to retire early, but succession had not been resolved. The Board needed help reaching consensus on the criteria for selecting his successor. Once those had been agreed on, an external search failed to produce an appropriate candidate. The CEO then needed an accelerated development plan that would prepare his best internal candidate for a two- to three-level jump in responsibility within two years.

Related Client Issue:
Assessing Potential CEO Successors

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