Inside the Strategy Room 184. How to manage a successful CEO transition
11 snips
Nov 15, 2023 McKinsey experts, Carolyn Dewar, Blair Epstein, and Kurt Strovink, share insights on CEO transition planning. They discuss early planning, timing considerations, succession planning, and navigating CEO transitions in family-owned businesses. The podcast also explores the mindset of CEOs transitioning out of their roles and the value of their skills beyond their tenure.
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Succession Planning from Day One
- Start succession planning on day one as CEO.
- Consider this a form of leadership development, not just replacement.
Brad Smith's Succession Planning
- Brad Smith, at Intuit, received coaching on succession planning his first day.
- He discussed succession with his board 44 times over 11 years.
CEO Transition as Legacy Definition
- A CEO transition is crucial, defining their legacy and the company's future.
- It requires setting up the next generation for success.