Even with robust succession planning, executive retirement is often complicated. Nearing retirement, executives become distracted by the transition while the company faces losing their valuable organizational knowledge and experienced insight. With that, key client relationships and operating teams get disrupted, and transitioning executives become anxious when they lack a plan for “what’s next.”
Approaching executive retirement, focusing on finishing well and leaving well, neutralizes these risks. Executives who finish well and leave well make valuable contributions leading up to retirement: Successor readiness increases, team stability is protected, and clients feel valued and well-served.
