Read about the current expectations of future CEOs in Chief Executive’s article, “The CEOs Of The Future Aren’t Who You Think.” Ed Cody, Chairman of the Pentagon Federal Credit Union, outlines the “characteristics of leaders that ultimately lead to solid organizational culture and success” in the areas of people, leaders and business.
Customers value authenticity more than ever. Executives must now connect emotionally on social media, echoing their company’s values and purpose, in order to generate trust and loyalty.
Raoul Davis, Partner at Ascendant Group, a global CEO and corporate branding firm, shares three great tips for CEOs to improve their branding in the Forbes article, “Executive Branding: The Importance Of Communicating Values To Increase Emotional Connectivity.”
Here is a really interesting article I wanted to share with you outlining a successful track to the CEO seat. Some great insight here on adopting turnarounds, taking risks and stepping sideways. Check out HBR’s, The Fastest Path to the CEO Job, According to a 10-Year Study.
This is a fascinating article. Here are a few takeaways:
- Needing a wider set of diverse competencies and backgrounds, coupled by more independent boards bringing in their own set of diverse networks and experiences, CEO’s being brought in from the outside has surged in the last several years.
- CEO Turnovers at the top 2,500 largest companies are up 16%. Industries with the highest turnover are Telecom, Energy and Materials. Most are planned (78%), some are forced and some due to M&A’s.
- Utility companies are the #1 industry most likely to hire outside CEO’s from another industry.
- Bringing in outside CEO’s is a succession planning trend that is predicated to continue – though the majority of CEO spots will still continue to be filled internally.
LOTS of gems in this in-depth article – which you can read in full here.