CEO Succession Planning
This change brought much-needed oversight and additional rigor to the succession planning process at many companies. Nevertheless, many directors still find aspects of the process challenging and feel less confident in making the best decision for the business when a transition is imminent. Boards may need to take a fresh look at how CEO succession is practiced today and consider whether it is time to update their approach. In this session, we will examine CEO succession at a macro level, including the most common challenges boards face, and consider ways boards can overcome the obstacles they face to establish a rigorous and effective succession planning approach.
Location and Time
Top of the Tower
1717 Arch Street, Three Logan Sq. 51st FL
Philadelphia, PA 19103
Registration 7:30am - 8:00am
Program 8:00am - 9:00am
Jeff ConstableJeff is a consultant with Spencer Stuart and is a member of the Financial Officer, Financial Services and Private Equity practices. Jeff has advised a diverse array of both large- and mid-cap clients in their searches for chief financial officers and other senior operating leaders. He has led client engagements across industries throughout the U.S. and Europe, with an emphasis on senior executive and CFO roles at financial services companies and private equity-backed enterprises. He also focuses on recruiting senior financial and operations executives for investment firms and family offices. A consultant with Spencer Stuart since 2003, Jeff is also the leader of the firm’s Philadelphia office. Jeff has worked with clients across the financial services industry, spanning insurance, consumer financial services, banking, investment firms and family offices. He also advises private equity companies and their boards on a range of leadership issues, from CEO succession planning to internal talent assessment. He brings expertise in several industry sectors outside of financial services, including industrial, distribution and business-to-business services. He is also a frequent speaker on topics ranging from the CFO market to career management strategies at various industry and university events .Jeff is the former chair of the board of the Bryn Mawr Rehab Hospital Foundation. He also serves on the advisory board of NewSpring Holdings, a middle-market private equity investment firm. Jeff holds a degree in mathematics from Duke University and an M.B.A. with distinction from the University of Michigan.
Michael S. HaugenMichael is a Partner at ghSMART and leads the firm’s SmartCoaching practice area. Michael advises founders, CEOs, alternative-asset investors and non-profit leaders on executive talent optimization. Related topics include applying approaches to effectively assess and develop more capable and influential leaders, assisting with leadership succession efforts, and growing long-term value through the proper application of talent and supporting processes. Prior to joining ghSMART, Michael was a Manager with The Boston Consulting Group, where he spent over six years advising CEOs and senior managers of Fortune 500 companies and Private Equity firms in the areas of building businesses, driving strategic change and solving complex business problems. While at BCG he focused primarily on the organizational and operational issues (including mergers & acquisitions) of the pharmaceutical, medical equipment and consumer goods industries. Michael also led BCG’s global MBA recruiting efforts at the Wharton School for four years and was highly active in pro bono work, including a long-term relationship advising the Wildlife Conservation Society. Prior to BCG, Michael worked at General Electric where he participated in GE’s management training program and held a variety of roles in the areas of engineering, marketing and sales. Michael earned a B.S. in Chemical Engineering from Cornell University and an MBA from the Wharton School of Business at the University of Pennsylvania, where he graduated with high distinction as a Palmer Scholar.