Leadership Change: Here's How to Make It as Painless as Possible

The search
It’s the job of the board to perform the search for the ideal candidate. Many times, that person is in the organization already.

“Insiders with the right capabilities have historically been more successful than bringing in an outsider as a new leader,” Tandon says.

“Studies have shown that compared to internal candidates, outsider CEOs have more than double the turnover rate, the turnover of other senior management increases dramatically and the organization is less likely to perform successfully relative to its peers,” Nardizzi adds.