---
title: "5 succession-planning tips fo… | Insights — Lyoen & Partners"
url: https://lyoenandpartners.com/insights/5-succession-planning-tips-for-smooth-leadership-transition
description: "Fast Company (Apr 26, 2024) \"5 succession-planning tips for smooth leadership transition\" lays out concrete moves: acknowledge your weaknesses and hire fo…"
lang: en-US
---

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Friday, April 26, 2024succession

# 5 succession-planning tips for smooth leadership transition

Fast Company (Apr 26, 2024) "5 succession-planning tips for smooth leadership transition" lays out concrete moves: acknowledge your weaknesses and hire for counter-strengths; be direct about your intent with the chosen successor; bring successors into your plan once identified; and several more practical disciplines for orderly handover. The piece cites a relevant baseline statistic to anchor the message: planned CEO successions accounted for just 23% of all outgoing CEOs in Q2 2024 — proactive succession planning remains uncommon despite its importance. Useful practical frame for SEA mid-market founder-CEO boards that defer succession discussions until the last possible quarter.

Sources

Fast Company (https://www.fastcompany.com/91178243/5-tips-to-ensure-a-successful-leadership-transition-for-your-organization)

Topic: Governance Execution: https://lyoenandpartners.com/insights/topic/governance-execution

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