When Your CEO Retires

You are a Board member for a nonprofit and, at a regularly scheduled Board meeting, your CEO gives her two week notice.  Even though she is 68 years old, you and other Board members are somehow shocked.

I hope this does not happen to you or your organization, but it could.  One reason is that many Boards and staff alike are in denial about leadership succession.  They don’t even want to talk about it.  “I just hope I retire from the Board before we have to deal with it,” I have heard some say.

How do you begin to prepare for the inevitable departure of a CEO?

My recommendation is that you encourage your organization to create an “Emergency Succession Plan” of what you would do in the event that your CEO has an unplanned illness that keeps them away from work for ninety days.

The components of that plan would be:

*A list of the key functions of the CEO

*A designation of who on the staff would temporarily take over each of those functions, including who the Interim CEO would be

*A plan to provide those people with the training/education/information so they can carry out these responsibilities

*A clear statement of which staff members will have authority for what

*A list of the most important organization stakeholders, how they will be communicated with regarding the “emergency” situation, and who will maintain relationships with them

It is simply “good business” to be prepared for a possible emergency situation with your CEO.  Actually the same is true for other senior staff positions.  Completing these plans will open the door for more expanded conversations about leadership succession.  What will we do when the CEO ultimately retires?  How would we handle that?

Seamlessly handling leadership transitions is a key to organization resilience and making a long term Mission Impact.

*For excellent resources on leadership succession, check out the Transition Guides web site.

For more ideas on how you can lead breakthroughs in your organization, follow this blog and check out my web site at www.SheehanNonprofitConsulting.com   You will find free resources you can download, including a Breakthrough Strategy Workbook that you can download at no cost.  You can also check out my book, Mission Impact:  Breakthrough Strategies for Nonprofits, and buy it if you are interested.  And you can follow Sheehan Nonprofit Consulting on Facebook.

Being Fantastic

The basic question is this – if you want excellence, awesomeness, fantastic performance from your team/organization then what do you need?

Talent & Teamwork.

Both of these aspects of performance are appreciated, but I am suggesting that the way in which they complement one another is underappreciated.

Some organizations tend to go the Talent route.  “Let’s just hire the most talented people and it will all work out.”  (New York Yankees, perhaps?)

Others value Teamwork.  “As long as we get our people to work effectively as a team, we will pursue excellence.”  (My Beloved Pittsburgh Pirates from 1993 – 2010, perhaps?)

The fact is that we need both to be excellent, fantastic.  Teamwork will not make up for Talent and Talent will not make up for Teamwork.

When you find a team – whether in Sports, Business, or Nonprofits – that exemplifies both, then you find winners.

What are the specific lessons here?

You need to invest in talent!  Yes, I mean paying fantastic people well in order to attract and retain them.  I know that this does not get my nonprofit brethren very excited, but it is a reality that you – and your Boards – need to accept.  The most talented people can do “good works” in many places.

You need to invest in developing teamwork!  And it does not just happen by sponsoring a quarterly Happy Hour or having a cake once a month to celebrate birthdays.  You need to take the time to develop teamwork behaviors and to create a culture of effective teamwork.  It will take time that you do not have, but you need to do it anyway.  Check out this blog for suggestions.

When your team is about to be eliminated in whatever your definition of the “championships” are, then you want to have the effective teamwork to know who to pass the ball to in the last seconds who has the talent to make the final shot and, ultimately, take you to victory. That’s a Mission Impact.

For more ideas on how you can lead breakthroughs in your organization, follow this blog and check out my web site at www.SheehanNonprofitConsulting.com   You will find free resources you can download, including a Breakthrough Strategy Workbook that you can download at no cost.  You can also check out my book, Mission Impact:  Breakthrough Strategies for Nonprofits, and buy it if you are interested.  And you can follow Sheehan Nonprofit Consulting on Facebook.