Successor CEO Leadership During an Unexpected or Emergency Succession

When a company loses it CEO or owner due to death or incapacitation and that person is still involved in the operations of the business, it results in what is defined as an unplanned or emergency succession. Unplanned and emergency succession have a unique set of challenging dynamics most of which adversely affect the business. The second of a two-part series on leadership during unexpected or emergency successions, this article lays out some possible courses of action a successor CEO can take to manage the challenges and mitigate the negative consequences.