Selection:
Putting the Right Person in the Job
Management succession is among the board’s most important responsibilities, particularly at the CEO level. When the time comes to make a change, making the wrong choice can have lasting consequences.
The challenge requires a broader focus than simply choosing the right person. RHR helps clients put the right process in place, then works shoulder-to-shoulder with them to navigate it. This requires a framework for aligning the board around the right goals and criteria, identifying the right candidates and skillfully assessing them, making the selection decision and integrating the new leader — while minimizing risks and managing the inevitable disruption along the way.
The RHR framework includes a number of unique, proprietary offerings, such as our Risk and ReadinessSM service, a rigorous evaluation and preparedness development process; and CEO ContinuitySM service, a comprehensive suite of services to support seamless CEO succession.
Beyond Selection:
Supporting Long-term Success
Any experienced senior executive or board member knows that placing the right person in the CEO position is just one step in successfully transitioning to new leadership. The real work very often begins after the “honeymoon” period, which typically ends within 90 days of selection. RHR’s deep executive integration expertise helps manage risks and supports the long-term success of the new executive through a robust process that spans 12–18 months.
We focus on the broad set of factors that accelerate transition and produce better, more sustainable executive performance. Our services and approach differentiate between a leader promoted from within and one recruited from outside the organization, focusing on the unique challenges facing each. Equally important are the organizational elements — from engaging and retaining valued executive talent after the new CEO takes over, to managing the interests and expectations of key stakeholders including employees, customers, Wall Street and the community at large.