Friday, October 14, 2011
HBR October: Post #2--Finding the Right CEO
The Art and Science of Finding the Right CEO (Lafley & Tichy, p.67). The former chairman of Procter & Gamble writes about how seriously his company takes choosing the next CEO. In fact, he started the search for his successor the day he took over as CEO himself! Here’s what they did in a nutshell: PG set up a process for regular exposure of candidates to the board, established clear criteria for selection and measured candidates against those criteria, developed likely scenarios the company might be confronted with and matched candidates to them, identified “crucible” issues facing the company and placed candidates in charge of solving them, and Lafley himself became PG’s chief leadership coach.