""One quarter does not tell a story, but there is more urgency in the air, more speed, more change, more transformation. And an experienced pair of hands at a moment like this could be more attractive.""
""It's not about one person. It's about a system of people and a leadership team that comes together and drives the change. There's a risk that boards, and the world in general, are over-indexing on the CEO as the one who is going to make all this happen.""
""AI is not about technology. It's about changing behavior and driving change management, which is really difficult to make happen ... Sometimes, just a change is needed. Understand what needs to change in order for the transformation to succeed.""
CEO turnover is rising, with 41% of new S&P 500 CEOs having prior public company experience, up from 25% last year. Departing CEOs held their positions longer, averaging 11.9 years compared to 8.3 years previously. The demand is for leaders who can quickly adapt without extensive onboarding. Boards are seeking leadership teams that work collectively rather than relying solely on the CEO. Emphasis is placed on understanding behavioral changes necessary for successful transformation, rather than just focusing on technology.
Read at Fortune
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