The public (and other industry competitors) aren't just going to judge you based on the person you have in the role of CEO at your company: the process by which you find this replacement can itself say a lot about how your company runs itself and what its future might be like.
Forbes recently published a piece on the importance of good business succession planning, and uses the recent changes that have come to Microsoft as a chance to examine the importance of this process for modern companies in ways that might go under-noticed.
"It's a bad idea to announce someone's retirement and not name a replacement," author Anne Maria Squeo writes. "It's equally bad when companies announce a new CEO and then delay the effective date for months."
Microsoft CEO Steve Ballmer is scheduled to depart, and the opportunity has brought outsiders to predictably speculate on the company, with some sources, such as the Globe and Mail, saying that this could also be seen as an opportunity for founder Bill Gates to leave as well.
Ideas like this are likely to surface at moments when the CEO tenure of an executive suddenly ends. The speed and efficiency at which this process runs will be indicative of the way that your company thinks of its workings and its values.
While some companies may be ready to perform this operation internally, those that are inexperienced in this area can save the possible embarrassment of looking unprepared by contacting an executive recruitment service to help. YES Partners considers itself of the finest quality in this area, and we can make sure the executive recruitment process speaks well about your business.
Finding people is easy, but finding the RIGHT people is not. YES Partners helps companies FIND the right people – for all company functions, across many industries and globally.