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What Do You Do When Your Executive Team Nears Retirement Age? Thoughts on Succession Planning from OPEN MINDS VP Colleen Elmer

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst Ask The Expert OPEN MINDS Reader Question: Three of the executives on our management team are nearing retirement age. We’re a small ($12 million per year) community-based mental health organization and not quite sure what to do. These three execs have been here collectively almost 60 years. Where do we start with succession planning so we can find their replacements? In the United States, 20% of the best known companies expect 40% of their senior executives to retire in the next five years. This shortage means that unplanned . . .

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What Do You Do When Your Executive Team Nears Retirement Age? Thoughts on Succession Planning from OPEN MINDS VP Colleen Elmer

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst Ask The Expert OPEN MINDS Reader Question: Three of the executives on our management team are nearing retirement age. We’re a small ($12 million per year) community-based mental health organization and not quite sure what to do. These three execs have been here collectively almost 60 years. Where do we start with succession planning so we can find their replacements? In the United States, 20% of the best known companies expect 40% of their senior executives to retire in the next five years. This shortage means that unplanned . . .

Want To Read More? Log In Or Become A Paid Member
Resource Available For Paid OPEN MINDS Circle Members Only
Not a paid member? Don't miss out! Sign up today and receive unlimited organizational access to all OPEN MINDS strategic advice, market intelligence, and management best practices – over 250,000 resources!
If you are already a paid member, log in to your account to access this resource and more. If you are a free member, you will need to upgrade to a paid membership before accessing this resource.

If you are not yet a paid member, learn more about the OPEN MINDS Circle Market Intelligence Service Membership on our website, reach out to our team at info@openminds.com, or call us at 877-350-6463.