CEO succession planning

CEO succession planning is the process organizations use to prepare for the future leadership of the company. It involves identifying and developing internal talent or recruiting external candidates to ensure a smooth transition when the current CEO steps down or leaves. This planning helps maintain company stability, strategic continuity, and long-term success by minimizing disruption and ensuring that capable leaders are ready to take on the role when needed. In essence, it's about proactively preparing the next generation of leaders to keep the organization thriving.