C-Suite Succession

Proper succession planning at the C-Suite level is critical to keep companies on track and moving forward when executive leaders depart, whether planned or unplanned. Recent statistics are startling regarding the increasing number of CEO departures and how few companies have actually planned for their C-Suite successors. Having successfully navigated four separate CEOs successions as CHRO of McDonald's Corporation, I offer important factors to consider when embarking on CEO and C-Suite succession planning, including benefits to the organization and suggestions on how to ensure success.