Succession Planning: It is important that companies are prepared when senior executives retire or leave prematurely for other personal reasons. Hopefully they have a well-groomed successor waiting in the wings but sometimes this person has not turned out to be as stellar as once thought or the company's Board wants additional talent to consider. So our clients ask us to prepare a list of potential candidates of varying degrees of readiness to take over such a senior role:
- Immediately available: These people must have the necessary skills to take over the role immediately.
- Next in line: Another group on the list should be people who are nearly prepared for such a senior position but might require a year or two of grooming. They would join the company with the understanding that they are the successor.
- Rising stars: Lastly there might be a group of more junior candidates that are the “rising stars” of industry or academia. These might be people the client will to put on its “watch list”.
To learn how Clark Executive Search can help your organization, please contact us.
