ON Partners, over the last few years, has collaborated with Niche and its CEO to grow its executive leadership team.
FIERCE CEO: ‘INTERNAL CHAOS’ JUST ONE CONSEQUENCE OF POOR CEO SUCCESSION PLANNING
Excerpt from FierceCEO.com
CEO succession planning is one of the thorniest and most important issues a company faces, and it comes with many challenges.
The wrong choice can send a company into a tailspin, no matter how good the rest of the executive ranks are. The CEO sets the company’s tone, good or bad, and that leadership has a bearing on every facet of operations…
And if the CEO is not a fit for reasons that include friction, competency, market missteps or ethical reasons “make a move as quickly as possible to replace that person to limit the damage,” said Matt Mooney, partner at ON Partners, an executive search firm.
There is a surprisingly high amount of times this happens, and the company should steel itself for litigation.
At small- and midcap companies new CEOs don’t work out about one-third of the time, Mooney said. At large companies it happens about 10% of the time, with these enterprises tending to be more established and with stronger professional boards.
READ FULL ARTICLE: Fierce CEO
About ON Partners
Since 2006, ON Partners is the only pure-play executive search firm building diverse C-level and board leadership teams. We rebuilt the institution of executive search for the way you work. Our approach includes present partners who engage with their clients from the first brief to the final decision, individually crafted solutions that are unique to each client, and an easier experience all around. Named by Forbes as one of America’s Best Executive Recruiting Firms and to the Inc. 500/5000 Lists nine times, ON Partners is consistently ranked among the top 20 retained executive search firms in the U.S.
Untraditional by Choice. Original by Design. Since 2006.
START YOUR JOURNEY WITH US TODAY.
If you want to create a new path – ON Partners knows how to help you get there.