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Managing Leadership Transition for Nonprofits: Passing the Torch to Sustain Organizational Excellence by Laura Watkins, Susan Egmont, Barry Dym

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10. Using Interim CEOs During Transition

In an ideal world, CEO transitions would occur with plenty of notice, the organization would be perfectly aligned, and the hardest decision would be deciding whom to select among a raft of perfectly fitted experienced candidates. However, in the real world, CEO transitions do not usually occur without a significant time frame between the exiting CEO and the organization’s readiness to appoint a new person.

As noted previously, a commitment to the process of revisiting the organization’s strategic plan prior to engaging in a CEO search is essential to selecting a new CEO with an appropriate fit with the organizations’ values, culture, and life cycle. An organization’s adherence to process may appear time ...

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