CEO succession: Avoid the urge to clone your CEO

first_img 10SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr “We want our new CEO to be exactly like our current CEO.”Throughout my two decades advising credit unions on succession plans and governance, I’ve often heard that sentiment from boards.Typically, they have long-term CEOs who plan to retire within the next two to three years.My response: “Do you really?”Don’t take that the wrong way. That’s not a judgment of the board or the current CEO, who has served in that role a long time for a reason.But does your next CEO need the same skills as his or her predecessor?Maybe. Or maybe not. continue reading »last_img

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