Lindsay Frost, Agenda, April 21, 2025
A record number of CEOs were likely pushed out of their roles in the past year, according to a new analysis from CEO-exit research firm Exechange. This is largely due to performance issues, policy violations and misconduct, sources said.
These decisions don’t come lightly for boards and often simmer behind the scenes before the decision is made. It’s important for boards to try to avoid these situations by setting clear expectations for the chief exec. Still, if they must show their CEO the door, they should be careful about communication and be prepared for legal and other consequences, sources said. They should also have an emergency succession plan to fall back on.
“There’s nothing worse than feeling that you need to let go of your CEO,” said Davia Temin, president and CEO of management consultancy Temin and Company Inc. “But none of it should be a surprise because expectations from the board should be made clear. We’re not all born knowing how to be a CEO.” […read more]