Robert Voth
Appearances
Redefiners
Exploring the Art of Possible with Google and Alphabet President and Chief Investment Officer Ruth Porat
When we analyzed the short-term price reactions of 50 publicly traded banks following initial CEO succession announcements, we found that banks experienced the most significant impact on shareholder value when their CEO left abruptly without any public announcement of a long-term succession plan. But there is good news.
Redefiners
Exploring the Art of Possible with Google and Alphabet President and Chief Investment Officer Ruth Porat
The Harvard Business Review found that banks that implement robust succession plans can boost their valuations and investor returns by up to 25%. In our latest article, we identify five key strategies to help your organization effectively plan for CEO succession.
Redefiners
Exploring the Art of Possible with Google and Alphabet President and Chief Investment Officer Ruth Porat
To learn more about what these strategies for succession are and how you can ensure a smooth leadership transition, you can find the full paper via our show notes or by visiting russellreynolds.com.
Redefiners
Exploring the Art of Possible with Google and Alphabet President and Chief Investment Officer Ruth Porat
Despite CEO succession being one of the board's most critical responsibilities, it remains a blind spot for many U.S. banks. Our research into CEO succession across the top U.S. regional banks in the last decade found that around half didn't approach succession planning in a thoughtful way. The implications of poor CEO succession planning on financial performance are clear.