Best Practices for Creating a CEO Succession Plan

Learn the dangers of poor CEO succession planning, and how to develop an effective pipeline of leadership talent.
Management & Leadership / Succession Planning

CEO Succession Plan Execsense

Format          60 Minute Lesson
Chapters       8
Skill Level     New to Topic
Audience      CEO
Includes       Access for 1 year. Stream on all devices.

Course Description

In this lesson, ExecSense and expert, Aaron Sorensen Ph.D. (Principal – Axiom Consulting Partners), examine the steps that every CEO should take to create a successful CEO succession plan.

In this 60-minute session, you will learn:

  • What every CEO should know about when to start succession planning, how to get your Board of Directors to make succession planning a priority, and how to assess and select your successor
  • Tips, techniques, and best practices for developing a written succession plan, creating a leadership development plan for your senior talent pipeline, and how to establish CEO competencies and success factors
  • Sure-fire techniques that you can immediately employ to assess the finalist candidates, as well as how to measure internal candidates against external ones
  • Case studies of other CEOs who have successfully implemented succession plans, how they wrote and shared their transition plans, techniques they used to coach and prepare the candidate, and examples of how they helped their successor develop relationships with the Board of Directors

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ExecSense Speaker

Aaron Sorensen
Principal, Axiom Consulting Partners
Expertise
Management & Leadership

ExecSense_Aaron Sorensen

Aaron Sorensen Ph.D., a partner with the firm, is a psychologist with a background in statistics and advanced analytics who brings unique insight to organization, leadership and workforce issues that impact profitability and constrain growth.

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He is known for his ability to develop innovative yet pragmatic solutions that blend quantitative rigor with practical business savvy to help leaders cultivate the capabilities in their people and business. He has worked with numerous leading organizations including Morningstar, National Financial Partners, UHC, Crown Imports, 3M, Allstate, Corning, the National Basketball Association (NBA), the National Football League (NFL) and Novartis.

Prior to joining Axiom, Aaron was a Senior Consultant with Sibson Consulting where he worked with a variety of leading organizations to maximize their business performance by designing and implementing organization effectiveness and talent management strategies. Prior to working at Sibson, Aaron worked as a consultant with Halverson Group, a leading organizational R&D firm that helps organizations improve the experience of their customers and employees.

Aaron has a master’s degree and Ph.D. in Industrial/Organizational Psychology with a concentration in Applied Statistics and Business from DePaul University and a Bachelor of Science with honors in Psychology from the University of Iowa.

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Well organized, well articulated, and easy to follow...the lesson I attended was the best virtual learning experience I've had in quite some time.

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