When celeb CEO resigns, should the team, board members and investors worry?

CXO level hiring.

Undoubtedly, the drastic changes at the top management do affect overall organizational operations. And many times it makes a detrimental impact on productivity and short-term profitability shakes the confidence of customers, investors .also this can lead to loss of key talent in organization These effects can be multifold if he is celeb CEO.

Like we witnessed 30 go air pilot’s resigned after CEO exit, Reliance Life has taken some hits last financial year when Anup Rau resigned.

Sometimes Celeb CEO exit may even effect various cos like ripples were there in some startups when Nikesh Arora resigned.

High-profile departures remained a very frequent activity in the start-up ecosystem in India this year. in case of start-up brand equity of the company is mostly dependent on Celeb CEO.

When the CEO resigns for reasons unrelated to the business, especially unseemly ones, we can expect some serious financial hurt.

In the current volatile economic scenario and greater competition among coorporates has made board members/promoters more aggressive in their approach to sustain growth. This is leading to a higher expectation of board from top management to deliver faster results. This is a herculean task considering all practical feasibility A disappointing report jeopardizes a leader’s position within a company, a phenomenon evident thus far this season, as several chief executive officers have stepped down this year

With CEO turnover being a prominent way in which a company can prove to stockholders that it plans major change, it is important to understand how such resignations affect stock prices at these companies.

So does it mean when celeb CEO resigns, should the team, board members and investors worry?

No, not in all cases. Sometimes a change is necessary, pushing a stock higher in anticipation of better times around the corner. Like we witnessed recently with hosing portal company and aviation company.

Planning the succession and knowing what everyone's new roles and responsibilities are is key. Most companies have a succession plan, so this scenario isn't terribly common.

Read Further: http://content.timesjobs.com/worry-celeb-ceo-resigns/?fromsite=toi

Pankaj Minglani

Principal Consultant

Impeccable HR Consulting P Ltd.

| www.impeccablehr.com |

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