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Chief Executive Officer Role

Most Healthcare Organizations Have No Succession Plan in Place,
According to Witt/Kieffer Survey

The Association of Executive Search Consultants is pleased to announce that Bryan Armstrong, Managing Director, FTI Consulting’s Strategic Communications Practice will present the findings of FTI Consulting’s study “Communicating Critical Events: CEO Transitions and the Risk to Enterprise Value” at the AESC Americas Conference the morning of March 7th at the Time Warner Center in New York City. AESC’s Brian J. Glade interviewed Bryan Armstrong to find out more about this study.

AESC: Why did FTI conduct the Global CEO Transitions Study?

Jeffrey S. Sanders, Vice Chairman and Managing Partner of the North American CEO Practice for Heidrick & Struggles, an AESC member executive search and leadership consulting firm, recently analyzed the careers of all current Fortune 500 CEOs in an article at Forbes.com.

Aspiring CEOs need to create a path for themselves to become a potential CEO candidate. What does this path look like?

The news earlier this week that Steve Jobs, co-founder of Apple Inc and CEO during the most successful period of its history - had stepped down prompted a dramatic drop in the companies shares, falling as much as 7 percent in the USA following the announcement. Jobs is so intrinsically linked to Apple that the news came as a shock to many, but the subsequent response asks the question: how important is a CEO to a company, and how deeply does a departure affect its wellbeing?

The fall in share prices suggests that shareholders fear that Jobs was so influential, and bore so much responsibility for the dramatic upturn in Apple’s fortunes in recent years, that his departure could begin a decline in their technological innovation and market domination.

The role of CEO is one that often comes with considerable pressure. Justin Menkes of Spencer Stuart (an AESC member firm) looks at what it takes to be an effective leader under high pressure situations, and how to bring the best out of themselves and others.

What attributes separate those who thrive under pressure, and those who crack under pressure?

Insider-outsiders – internal employees who have maintained an outsider's objectivity and drive for change – are often considered the ideal candidates for CEO jobs, but how can you gain that mentality? John L Bower, professor at Harvard Business School, outlined the questions you should be asking yourself to get to the CEO executive position, and here are our top 5 (see full video below):
 
Why are you being hired?

Many senior executives aspire to becoming a CEO - the ultimate goal of a successful career. So what does it take to be a CEO? To gain an idea we asked Jim Morris, a Manufacturing CEO and member of BlueSteps, to comment on what he thought it takes to lead from the top position:

In a recent survey of senior executives, we sought to find out what experience is best for the CEO position, a CFO or a COO? Read the following 6 key elements a CEO must possess:

1. A Sales and Marketing background is essential for a CEO.

Harold Torninger, CEO at Sight Executive Group, stated, “In my experience the CEO position is best prepared from individuals who have a Product Marketing and Sales and Marketing track record. They have demonstrated a strong Customer focus and also an ability to handle the whole Supplychain.”