CEO Succession Advice from Executive Recruiter Dennis Carey
Dennis Carey, an executive recruiter with years of experience offers a great deal of advice to companies to create smooth CEO succession plans. He offers the following tips to companies to keep in mind as they are about to undergo a CEO succession.
Dennis Carey CEO Succession Tips
First, there is no change that “one size fits all” and each company needs to look at its own needs and plans. Any well-planned succession has to start with a carefully thought-out business strategy to guides the rest of the process.
The likely successor list may shift over time, as the company’s strategies shift. It is imperative that all contenders for the new CEO position are left feeling that they had a fair shot at the position. All practices towards the CEO succession should be done in an open and objective way and all major constituencies should feel that they had a voice in the process.
