Did you know that nearly 1,500 CEOs vacated their position in 2018, a 25% increase from 2017? 1
And 76% of companies are without a ready-now CEO successor? 2
And three out of five companies (60%) do not have a comprehensive succession plan for the CEO position? 2
In this informative video blog, myself, Susan Madonia, Partner at ECC, and Cindy Lu, CHRO Partners, explore the topic of CEO Succession. We present recent trends on turnover and succession at the CEO level; we talk about what it took to lead and champion C-Suite succession planning at McDonald's Corporation amidst a challenging corporate turnaround environment; and, we discuss benefits of having an outside, confidential mentor at the C-Suite level to help accelerate success. At the conclusion of the video, four white papers are offered (CEO, CHRO, CFO, and CMO) for complementary download.
We invite you to watch:
1 2018 Year-End CEO Turnover Report: 1,452 CEOs Left Posts, Most SInce Recession. Challenger, Gray & Christmas, Inc. http://www.challengergray.com/press/press-releases/2018-year-end-ceo-tur...
2 Ready, Set ... Who? Korn Ferry Survey. https://www.kornferry.com/press/ready-set-who
ECC Executive Partners are proven C-Suite executives who provide specialized, confidential mentor and advisory support for C-Suite executives and executive candidates. If you or your organization are looking to enhance leadership, drive business results, and accelerate success, we’d welcome the opportunity to partner with you. Give us a call at +1.847.920.0190.
Rich Floersch is an ECC Executive Partner based in Chicago, Illinois, USA. He is also currently the CHRO for Health Transformation Alliance and Senior Strategic Advisor to the HR Policy Association. Previously, Rich was the CHRO for McDonald's Corporation, SVP of Human Resources for Kraft Foods International, and VP of Corporate Compensation for Altria. Rich has been an invited keynote speaker at the CHRO Leadership Summit, HR Excellence Summit, and Towers Watson Annual Client Conference. He also testified before a Senate committee on healthcare and presented at the White House Summit on Financial Capability. Rich holds both a Masters of Business Administration and Bachelors in Business Administration from the State University of New York at Buffalo.