Avoid The Potential Pitfalls Of A CEO Transition

With any transition, the board must ensure that the current/outgoing CEO has put in place a strong leadership team. Competent, experienced departmental heads and board members can step in at a moment’s notice. Proper leaders-in-waiting know how to run the company, as they’ve bought into the same corporate philosophy.

Chief Executive

Leadership transitions can serve as an inflection point for an emerging growth business—and they can be turbulent. During a time of rapid growth, changes at the top are common, as companies plan for the next stages in their development. Even the largest businesses can have trouble navigating them.