Posts Tagged ‘Dennis Carey CEO Succession’

Guidelines for Succession Planning: Dennis Carey

Saturday, May 21st, 2011

Dennis Carey is an executive recruiter with experience in CEO recruiting and board member recruiting.

On his website CEOsuccession.com, Mr. Carey presents some guidelines that are essential in any company:

“1. Have a strong, involved board

2. Continually expose top management to the board

3. Encourage the next generation of CEO prospects to get early experience with outside boards, the media and financial community

4. Create an active executive or operating committee so more executives get exposure to an overview of the company, its strategy and issues

5. Do succession planning on an on-going, real-time basis

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Dennis Carey Urges Succession Planning for Companies

Thursday, July 8th, 2010

Succession planning is an important topic for Dennis Carey. In his capacity as the vice chairman of Board and CEO services at Korn/Ferry, Dennis Carey is often asked to help companies fill in the void when an executive either retires, dies suddenly or for any one of a number of reasons leaves his leadership role on the board of a company.

Sometimes, because there has been no advanced planning for how to replace the retiring executive, the company is left in a vulnerable, leadership-less condition which can wreak havoc on the normal functioning of a company’s business. Left without leadership and without a plan to appoint the next executive in an orderly fashion, companies will find that they appoint someone in a hasty manner, and might not always pick the perfect person for the job.

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Dennis Carey Offers 5 Key Business Practices

Monday, May 10th, 2010

As an executive recruiter with Korn/Ferry, Dennis Carey has had years of experience helping companies to recruit new CEOs. He offers important advice to businesses, CEOs and executives about creating smooth CEO succession. Here, we offers 5 of his ten most important business practices.

Dennis Carey Key Practices

Certainly, in order to make CEO succession smooth, the company needs to have a strong and involved board. Top management should continually be exposed to the board and there should be ongoing communication between the two.

More Business Advice with Dennis Carey

The next generation of CEO prospects needs to get a great deal of experience with outside boards, with the media and with the financial community. The executive or operating committee needs to be actively involved so that they are exposed to an overview of the company including its strategy and issues.
Finally, he recommends that the company does succession planning on an on-going and real-time basis.

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