Succession in the Media
What HP, JC Penney, GM, & Ford all got wrong
What Murdoch and Buffett can learn from the makers of Windex
Business Talk with Jim Campbell
Business Talk Radio - January 10th, 2015
Succession – An Interview between Stu Tayloy and Noel Tichy
The Stu Taylor Show - November, 2014
Succession by Noel Tichy – A Review by People + Strategy Journal
Book Review - Spring, 2015
Succession by Noel Tichy – A Review by Steve Mostyn
Book Review - February 2, 2015
Noel Tichy is the father of action learning. He headed up GE’s Leadership Center at its ground-breaking corporate university, Crotonville, in the 1980’s, and since then has been a professor at Michigan’s Ross School of Business. He is a prolific author and thought-leader.In his latest book, “Succession: Mastering the Make or Break Process of Leadership Transition”, this seasoned coach of CEO’s, educator and consultant brings compelling tools, insights and case studies of ‘getting it right and getting it wrong’ into practical frameworks to allow the building of effective leadership transition pipelines...
Noel Tichy’s latest masterpiece, Succession: A book review by Bob Morris
First Friday Book Synopsis - December 19, 2014
I know of no one else who has made more – and more valuable – contributions to a subject that has generated, the last time I checked Amazon’s offerings, more than 129,000 volumes in the general category of leadership and more than 53,000 of them focus on business leadership. Several of his previous books explain what effective leadership development requires. His latest book focuses on leadership succession at all levels and in all areas of the given enterprise...
Abercrombie & Fitch CEO Mike Jeffries steps down
the Washington Post - December 9, 2014
Michael Jeffries, the longtime and controversial chief executive of Abercrombie & Fitch, is checking out of the retailer he has run for more than 20 years, stepping down from his roles as both CEO and director. The company announced Tuesday that his departure is effective immediately. It did not name a permanent successor to take his place. Jeffries, 70, has led the company since 1992 and built Abercrombie into an icon of the teen fashion industry. Yet he came under fire last year for comments that resurfaced about how "a lot of people don't belong" in its sexed-up, all-American clothing...
Making a Success of Succession
the Economist - November 29, 2014
ON NOVEMBER 24th Louis Chenevert, the chairman and chief executive of United Technologies, resigned abruptly without explanation. The rumour mills began to whirr: the American giant, which makes helicopters, aircraft engines and lifts, is not given to delivering surprises. But the company acted immediately: Greg Hayes, the chief financial officer, was quickly promoted to CEO, and Edward Kangas, the firm’s lead independent director, was made chairman. Analysts praised the swift decisions, and the company’s share price rose...
The Big Mistake HP Keeps Repeating
Yahoo Finance - November 25, 2014
Hewlett-Packard (HPQ), JC Penney (JCP), General Motors (GM), Royal Bank of Scotland (RBS) and Ford (F)… all companies that have been derailed by poor succession planning, according to leadership expert Noel Tichy. One of the worst of these, by his estimation, is HP. It all started when the company named Carly Fiorina to its top position at the height of the dot-com era in 1999. “She had never run a business; she was a disaster,” said Tichy, who recently published, “Succession: Mastering the Make-or-Break Process of Leadership Transition.”
J.C. Penney and the terrible costs of hiring an outsider CEO
Forbes - November 13, 2014
The vast majority of technical, political, and cultural errors made by Ron Johnson at J.C. Penney could be chalked up to his outsider status. Recruiting an outsider CEO, any outsider, is by definition a Hail Mary pass, which reflects a clear-cut and utterly unnecessary failure. The solution to companies’ and organizations’ growing stale, stuffy, stodgy, and outmoded—as J.C. Penney’s undoubtedly was and may well still be—is to grow transformational leaders on the inside, forming a pipeline that reinvents and repopulates the senior ranks of the...
What Murdoch and Buffett can Learn from the Makers of Windex
Yahoo News - November 13, 2014
Warren Buffett says he has a succession plan, one that includes his son Howard taking over as non-executive chairman. As far as CEO, names like Todd Combs and Ajit Jain have been floated, and Buffett has even joked about the succession plan for his number two, Charlie Munger. Investors are undoubtedly worried about how Berkshire Hathaway (BRK-A) will continue to beat earnings estimates like it did last Friday without an “oracle” at the company’s helm. By saying his son will stay on the board to continue a “Buffett” brand of culture, he has turned the succession story into a matter of family planning, but according to one leadership expert he may not be doing a very good job...
Getting Succession Planning Right at Steelcase
Smartblog - November 19, 2014
In March 2014, James Hackett, who had served as CEO of office furniture manufacturer Steelcase for twenty years, turned over the leadership of the leading company in his industry to his successor, James Keane. Over the prior two decades, Hackett had spearheaded a fundamental transformation of his organization to make it much more than just an office furniture maker, but a full-fledged, highly innovative workplace design company that created total work environments, integrating furniture with high-tech applications, work space design and learning environments....