Mike Magsig
Managing Partner, Global Board & CEO Practice
Safeguarding Your Company’s Future
One of the most critical responsibilities of a board is selecting the next CEO. As organizations face extraordinary challenges and opportunities, ensuring smooth leadership transition is essential for maintaining stability and cultivating growth.
Prioritizing CEO succession planning demonstrates a commitment to organizational resilience, ensuring a steady path toward future achievements. Without it, a company faces potential operational disruptions, financial instability, and challenges in maintaining strategic direction.
Ensure a Seamless Transition
DHR Global helps organizations understand their talent gaps, identify leaders, and prepare them for what’s next. With business strategy as the foundation, we draw upon our expertise in executive assessment, leadership development, and executive search to build your CEO succession pipeline.
Preparing Future Leaders
A board engaged DHR to ensure that its firm’s high-potential internal talent would receive the appropriate professional development to be considered ready once the formal search for the CEO successor was launched. We helped our client compare internal potential candidates to external counterparts and set developmental plans with six-month milestones for a three-year period. As the board faced the new CEO selection decision, it was armed with a slate of highly qualified candidates and could confidently appoint a successor.
Our Approach
Whether planning for the unexpected contingency or a retirement three to five years into the future, the board should have options, be they internal and/or external. DHR’s CEO Succession Planning approach mitigates risk associated with leadership transitions, aligns CEO development with long-term strategic goals, and ensures the right leaders are ready when needed. Continuous evaluation and refinement of these plans is essential to keep pace with changing business landscapes.
Contact Our Board & Governance Services Leadership Team
Building Stability through CEO Succession
At DHR Global, our Board & Governance team collaborates closely with our Leadership Consulting team to deliver the most effective CEO succession planning services. Leveraging our collective expertise, we support organizations through CEO transitions to maintain stability and drive growth.