"There are new CEOs at Walmart, Target, Disney, and Kroger-and three of the four are seasoned insiders who have been promoted into the role."
"This issue of the HBR Executive Agenda explores research that suggests insiders are typically the stronger choice because they understand the culture, strategy, and stakeholders of the organizations they've been tapped to run."
New CEOs have been appointed at Walmart, Target, Disney, and Kroger, with three of the four promoted from within. Research indicates insiders are typically the stronger choice because they understand the culture, strategy, and stakeholders of the organizations they've been tapped to run. Insider promotions preserve institutional knowledge, enable smoother strategic continuity, and leverage existing relationships with employees, board members, and external partners. Organizations choosing internal successors can expect faster execution, reduced disruption, and greater alignment with established priorities compared with external hires. External candidates may still bring fresh perspectives, but the balance between continuity and change often favors experienced insiders for complex, established firms.
Read at Harvard Business Review
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