Johnson Partners: Inside The Art of Succession Planning
The new focus on company culture, sudden CEO departures and major external shocks have highlighted the importance – and complexity – of grooming future leaders.
One of the many lessons of the past 12 months is the need for directors to be prepared for the unexpected. This is clearly the case when it comes to major external shocks such as extreme bushfires and pandemics – but it is also true of internal shocks such as the sudden departure of a CEO.
“As the CEO is appointed, boards should start the process immediately for their successor” - Jason Johnson, Managing Partner, Johnson Partners
One of the best ways of grooming future CEOs is giving candidates experience in different parts of the business.