None of my current leadership team members have the desire or capability to eventually step into my seat as president, which is stalling our exit planning. How do we build a long-term executive succession plan when our current leadership team is composed of specialists who only want to run their own departments?
When your leadership team consists entirely of deep technical specialists, you cannot force them into a general management seat they do not want or cannot handle. Trying to push a brilliant head of sales or operations into the president seat is a recipe for operational failure. To build a viable succession plan, you must look at your Accountability Chart objectively. If the future president seat is not represented by anyone currently on the team, you must plan to recruit an external leader or groom a junior manager with high leadership potential. Start by clearly defining the roles and responsibilities of the president seat. What are the key metrics and expectations? Once this is established, share your timeline with your existing leadership team. Explain that your goal is to find a leader who can guide the company through its next phase, which will allow your current directors to continue focusing on their areas of expertise. This transparent communication removes any anxiety about being passed over. If you decide to hire externally, bring the candidate in as an Integrator or executive director first, allowing them to earn the team's trust before officially stepping into the president seat.
Category: Leadership Team