CEO Succession

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ARE YOU “CEO SUCCESSION READY”? Over 20 years, I’ve ensured organizations answer these questions with a YES: 1. Is there a ready CEO successor if your CEO steps down? 2. Is a talent pipeline in place for current and future CEOs? 3. Does the succession process address market trends, culture, and growth? 4. Are high-potential leaders identified 10 years in advance? 5. Are succession plans reviewed annually by the Board? 6. Do you engage external candidates for CEO roles? 7. Does assessment cover career, current role, and future vision? 8. Are development plans tailored to the future CEO? 9. Is transition planning in place for smooth knowledge transfer? 10. Is succession part of your talent strategy? RISKS IF YOU AREN’T SUCCESSION READY 1. Leadership Gaps: 44% of CEOs report gaps (PwC). 2. Investor Confidence: Stocks drop 4-7% after CEO exits (Harvard). 3. Operational Disruption: 29% of firms affected (Deloitte). 4. Cultural Misfit: 50-70% of CEOs fail (McKinsey). 5. Talent Exodus: 40% of employees may leave (SHRM). 6. Competitive Loss: Smooth transitions = 1.5x success (Bain). 7. Morale Drops: 70% report lower morale (Gallup). 8. Strategy Decline: Execution down 20% (Deloitte). 9. Financial Hit: Firms underperform by 20% (PwC). 10. Compliance Risk: 60% of boards see risks (NACD). WHY ME I’ve led succession planning for over 30 organizations, including ASX top 10, 20, and 40 firms, with 35 years of experience. I bring the foresight of a Stanford MBA strategist, the pragmatism of an Olympic project leader, three decades of leadership assessment, and the emotional insight of a psychotherapist.

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