Succession Planning – choosing the right person as CEO
When its CEO suddenly died the Board of Directors of a US company appointed a new CEO from among the Vice-Presidents who had less seniority than several others VPs. This caused some grief and during mediation the by-passed executives described the skills they felt was necessary to be promoted. They said at the lower levels, it was the years of experience that allowed people to be promoted successfully. But at the higher levels the executives realised that things such as personality and desire t...
BPIR Categories
9.3.3 Recruit, select & hire employees
9.3.2 Develop succession & career plans
9.4.6 Develop management/leadership competencies
9.4.1 Align employee & organisation development needs