CEO Succession Planning Tom La Salvia

July 21, 2015

2015 Summer Leadership Institute

LEARNING OBJECTIVES

• Learn about the benefits of succession planning

• Learn a framework to begin/continue CEO succession planning

• Identify succession planning priority activities for you (CEO) and your organization

• Learn skills and tools to assess readiness for personal and organizational transition

• Review the executive transition management process

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WHY DO THIS WORK?

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WHY PLAN FOR THE CEO

SUCCESSION?

• Key Board Responsibility

•Mitigates Risk to Business

Function Continuity

•Ensures Organizational and

Mission Sustainability

• Leadership Development: Builds

your bench strength

•Builds a Foundation of Success

for the new CEO

• Enhances Retention and Morale

• Gets us beyond an ugly

truth that we avoid:

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All careers eventually

lead to a transition…

It’s just a matter of when

and how well managed

COMING TO TERMS WITH CHANGE

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TRANSITION

SUCCESSION PLANNING:

THREE CORE COMPONENTS

Sustainability Assessment

Succession Planning

Executive Transition Management

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1

2

3

PLANNING FOR CHANGE:

THREE CORE COMPONENTS

Sustainability Planning

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1

2

3

FOUR ELEMENTS OF

ORGANIZATIONAL SUSTAINABILITY

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Business Model & Strategy

Leadership Resources

Culture

PLANNING FOR CHANGE:

THREE CORE COMPONENTS

Succession Planning

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1

2

3

WHAT IS SUCCESSION PLANNING?

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Succession planning:

• Is an ONGOING process for developing internal capacity (resources or people) to fill key leadership functions in the organization.

• Prepared to assume key roles as they become available. Increases the availability of employees that are

• Enhances staff retention and morale

SUCCESSION PLANNING:

ONGOING PROCESS

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Understand Key Functions &

Relationships

Designate Backup Coverage

Cross-Train Backups

Develop Procedures &

Protocols

Document Succession Plan

& Policy

Prioritize Capacity Building

Communicate the Plan

Refresh Annually

SUCCESSION ESSENTIALS

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The “Essentials”

Emergency Backup Plans

and

ED Succession Policy

DISCUSSION & CLARIFICATIONS

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ARE YOUR SUCCESSION

ESSENTIALS IN PLACE?

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Leadership

Culture

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Succession

Planning Mini-

Assessment

Exercise and

Discussion

PLANNING FOR CHANGE:

THREE CORE COMPONENTS

Executive Transition Management

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2

3

PUTTING IT ALL TOGETHER:

SUSTAINABILITY – SUCCESSION – TRANSITION

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Culture

Sustainability Assessment &

Planning

- Surveys

- Line of Business

Succession Essentials

•Backup Plans

• Succession Policy

Action Plan

Implementation

•Executive Leader Development

•Board Development

• Strengthen Business Model

• Sharpen Strategy

•Change Culture

Executive

Transition

Management

THE NEXT STEPS WORKSHOP

• Sustainability, succession, and transition planning for founders and long-tenured executives

• Dates & Locations

January 25 & 26th in Washington, DC

• More information: Melody Thomas mthomas@raffa.com (202) 955-7242

A Two-Day Intensive

Hands-on Workshop

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RESOURCES

• Annie E. Casey Foundation Monograph Series – Building Leaderful Organizations

– Ready to Lead? Next Generation Leaders Speak Out

– Capturing the Power of Leadership Change

– Founder Transitions: Creating Good Endings and New Beginnings

– Interim Executives: The Power in the Middle

– Up Next: Generation Change and Leadership of Nonprofit Organizations

– Stepping Up, Staying Engaged (Boards During Transitions)

• Available online at: – www.TransitionGuides.com/resources/monographs.ht

m

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DISCUSSION & CLARIFICATIONS

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THANK YOU!

Tom La Salvia Senior Consultant

tlasalvia@raffa.com

Mobile: 617-875-1168