PFM Executive Search: Successful Succession Planning

Shaun Carpenter, consultant from PFM Executive Search published new insights.

The mass exodus of Baby Boomers has been delayed slightly by the global recession, but company leaders shouldn’t be taking their eye off the ball when it comes to identifying their future successor. You need to ask yourself who will be in your seat when you’ve left.

Start now. Search firms are often retained at the time the pin is pulled, and it surprises me how few companies have a plan in place. Boards and CEOs should be working with HR and acting like talent scouts inside and outside the organization to build a list of prospects; a roster which will of course change and evolve over time.

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