Retirement runway lengthens for some CEOs
04/02/24 at 03:00 AM
Retirement runway lengthens for some CEOs
Becker's Hospital Review, by Alexis Kayser; 3/28/24
Amid an uptick in abrupt CEO exits, some hospital leaders are drawing out their departures. ... [A] number of CEOs giving retirement notices well in advance. The reasons might seem obvious: Sudden exits, especially from a tenured leader, can disrupt entire systems. A longer transition period gives boards time to identify the right successor and even allows for some overlap in which the outgoing and incoming CEOs can exchange ideas.