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  • May 4, 2020
  • Article
  • Harvard Business Review Digital Articles

Your CEO Succession Plan Can't Wait

By: J. Yo-Jud Cheng, Boris Groysberg and Paul M. Healy
  • Format:Electronic
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Abstract

CEOs tend to be older, putting them at greater risk of COVID-related illness, and adding to the urgency, succession planning has long been a blind spot for most boards. From 2015 to 2016, the authors conducted a global survey to better understand the experiences, practices, and attitudes of board members, and here they share what their work reveals about relative levels of succession preparedness across regions and industries. They also offer suggestions for approaching this admittedly delicate task thoughtfully.

Keywords

CEO Succession; Management Succession; Planning; Governing and Advisory Boards

Citation

Cheng, J. Yo-Jud, Boris Groysberg, and Paul M. Healy. "Your CEO Succession Plan Can't Wait." Harvard Business Review Digital Articles (May 4, 2020).
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About The Authors

Boris Groysberg

Organizational Behavior
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Paul M. Healy

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More from the Authors
  • Mother’s Home: Eradicating Social Orphancy in Kazakhstan By: Boris Groysberg and Annelena Lobb
  • IQanat: Empowering Rural Youth in Kazakhstan By: Boris Groysberg and Maxim Pike Harrell
  • Skills-First Talent Management: The Importance of Managers By: Boris Groysberg, Nicole Zelazko, Tom Quinn, Robin Abrahams, Izzy Yeoh and Colleen Ammerman
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