""proof point that internal succession works.""
""The most important thing for me is to allow him time," Brodin told me, as Maeztu listened in. "The more I can relieve him, the better he'll be prepared.""
""This is not about Jesper or myself," Maeztu added. "We cannot hijack the transition. Doing this"
IKEA is implementing a temporary CEO overlap as its succession model. Jesper Brodin will remain CEO until November while his Spanish deputy, Juvencio Maeztu, undertakes a listening tour across locations. Maeztu will become the first foreign CEO of IKEA, and Brodin will stay on for a few additional months as senior advisor before leaving. The overlap period until the annual meeting is intended to prepare the new leader, inform employees, suppliers and customers, and demonstrate that internal succession can work. The approach contrasts with CEO-to-chair transitions that have caused problems at other large companies.
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