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BUILDING FOR THE FUTURE
Effective Succession Planning
Go beyond naming a new CEO and develop leaders for the long term.
Leadership’s Role in Executive Succession
For all organizations—regardless of ownership, industry, size, or life-cycle stage—the selection of a new CEO will be one of its most crucial and risky events. Ultimate transition success and effective mitigation of associated risk is based on a strategically planned, multi-year CEO and executive succession process that ideally includes a short-term, emergency plan for an unexpected vacancy. A robust plan focuses on the skills and attributes that matter most for leaders of the future, identifies and prepares leaders for new roles, and ultimately helps the organization and other key stakeholders embrace leadership transitions.
Our senior consultants are uniquely positioned to help public, private, and not-for-profit organizations navigate this journey. Pearl Meyer's strategy-driven, creative compensation solutions are combined with the organizational and leadership development and change management experience of Veritas Partners, a Pearl Meyer consulting practice. The result is a highly integrated team that works with you to ensure the right future leaders are in place for long-term success.
How We Work With You
We work with CEOs, executive teams, and boards to develop and implement a customized CEO and executive succession process that ensures the effective identification, development, and transition of leaders who will successfully take your organization into the future.
The proven, time-tested process includes:
- Early preparation and engagement of all parties
- Defining the strategic business context and expected future state
- Clarifying roles and defining needed skills, capabilities, and characteristics
- Identifying and assessing internal candidates
- Developing high-potential talent
- Asessing the external talent pool
- Guiding and communicating the eventual transition
Ask the Expert
Ask the Expert
Susan Sandlund
Susan is a managing director and practice leader of Veritas Partners, a Pearl Meyer consulting practice. She says, "The best CEOs are curious about the world and are learners. I help leaders and their teams increase their overall effectiveness and performance, and build the capabilities required to achieve the current and future strategic goals of the organization."