Acknowledgments xiii Foreword: Douglas R. Conant, former CEO of Campbell Soup Company xv Introduction 1 Part I: Why CEO Succession Is More Critical than Ever 5 Chapter 1: From Checkers to 3-D Chess 7 Chapter 2: Success or Failure?The Cause and Cost 21 Chapter 3: Whose Job Is It, Anyway? 39 Chapter 4: RHR?s Essential Point of View 55 Part II: The 10 Key Dimensions of Effective Succession 71 Chapter 5: Establish Board Ownership, Involvement, and Oversight 73 Chapter 6: Set Succession Time Frames 89 Chapter 7: Prepare for Emergencies 105 Chapter 8: Align on Strategy and Profile 119 Chapter 9: Build the Talent Pipeline 131 Chapter 10: Source External Talent and Manage Search Firms 145 Chapter 11: Select the CEO 157 Chapter 12: Proactively Manage the Transition 169 Chapter 13: Measure Performance and Improve Process 187 Chapter 14: Manage the Dynamics in CEO Succession 197 Epilogue: Perspectives on the Future 205 Appendix: Ten Questions a Director Should Ask 213 About RHR International 219 References 221 Index 229
Dr. Thomas J. Saporito (Chicago) Ed.D., is chairman and CEO of RHR International. Widely recognized as an expert in CEO succession, he has specialized over the past 30 years in consulting with CEOs, boards of directors, and senior management on succession planning and top management leadership. He works closely with chief executives and senior management on accelerating business strategies by strengthening individual leadership and team-based performance. A former member of the NACD Blue Ribbon Commission on CEO Succession, his career has taken him throughout the United States, Europe, and Asia. Dr. Paul C. Winum (Atlanta, GA) Ph.D., is a senior partner with RHR International and serves as global practice leader CEO Succession. He is a regular contributor to articles published in the Wall Street Journal, Fortune, and Forbes. In 2007, he was awarded specialty board certification in Organizational and Business Consulting Psychology by the American Board of Professional Psychology and was elected as a Fellow of the American Psychological Association.