Document Type

Article

Media Type

Text

Abstract

The corporate governance environment has changed. The rate of CEO successions is naturally trending up, succession planning is in dire need of repair, and boards are under increasing pressure to focus on oversight. This confluence of events creates a ‘perfect storm.’ Within this new environment, interim successions are on the rise. But isit all bad news? This article explores the decision of corporate directors to use temporary chief executive officers (CEOs) and the roles served by these interim leaders. We include a typology of interim CEOs and prescribe the contexts in which organizations can strategically pursue this type of succession. We conclude with a list of recommendations for how boards can most effectively manage interim leadership in the new corporate governance environment.

DOI

10.1016/j.bushor.2013.05.005

Publication Date

9-1-2013

Comments

Creative Commons License Guy de Maupassant by Jim Millhorn is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 United States License.

Department

Department of Management

Language

eng

Publisher

Business Horizons

Rights Statement

In Copyright

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