August 11, 2026

CEO succession is a critical governance issue that extends beyond merely appointing a new leader. Effective succession requires building credible internal and external options, aligning the next leader with the company’s strategic chapter, and ensuring a well-defined transfer of authority. The process should be managed by the board, emphasizing strategic preparation and leadership development. Current trends show high CEO turnover, with differing patterns in internal versus external appointments, highlighting the importance of fit between leadership and organizational needs for successful transitions.