CEO Transitions Are an Emotional Minefield. Here’s How Boards Can Avoid Common and Costly Psychological Traps
As the post-pandemic chief executive officer departures keep coming, Deb Rubin, senior partner and head of RHR International’s Board & CEO Services, says it’s important not to neglect the emotional dimension of the transition, a factor that sometimes goes overlooked in even the most-detailed succession plans. Navigating the shift in one’s identity is tough, and when not acknowledged, the stress of transitions can open the door to dark, costly behaviors. Boards can help defuse potentially damaging tensions and guide CEOs through the emotional turmoil of their departure.
Deb spoke to Fortune magazine about the role the board can play in smoothing the transition.