Abrupt Departure Of Intel's CEO Highlights Importance Of Succession Planning [Forbes]
Intel Corporation (INTC)
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Source: Forbes
Karen Higginbottom Contributor i Jul 19, 2018, 03:22pm #LikeABoss In June this year, Intel’s Brian Krzanich was forced to resign as CEO after it was discovered he had a consensual relationship with an employee. Chief financial officer Robert Swan has stepped in as interim CEO and the board has begun its search for a permanent replacement. The news of Krzanich’s departure highlights the danger of organizations failing to have succession plan in place when an unforeseen event happens. Succession planning is concerned with identifying business-critical roles that if unfilled for a prolonged period of time could leave a business vulnerable, says Ally Weeks, HR consultant for the Chartered Institute of Personnel and Development. When linked with a talent management program, these potential risks can be mitigated by identifying and developing longer-term successors as well as short-term replacements. Each tale
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