Preparing for a CEO or Other Key Executive Transition

Making the transition to a new CEO can be a traumatic experience for a company; if not done well, it can have dramatic effects on the ESOP, as well as on the employee-owners themselves. To make these transitions as smooth as possible and ensure no business interruption, ESOPs should be planning (and acting) well in advance of the actual transition. This session will go through the ideal scenario for managing a CEO or other key executive transition, including a timeline of dates and activities to be conducted along the way and who is best to lead and conduct these activities. NCEO Resource:
Leadership Development and Succession

Learning Objectives:

• Determine who should be driving a CEO transition process and who else will be involved along the way
• Understand why a strong board of directors is so critical to a transition process and how to ensure that they have a "strong" board
• Learn the time frames involved in key activities, such as how far in advance to get started and what to do along the way