CEO Succession Planning When the Bench Is Thin
Most credit unions claim to have a succession plan, but how many have actually identified and developed internal candidates ready to step into the CEO role?
In his latest article for theCredit Union Times, Cowen Partners President & Co-Founder Shawn Cole examines the critical gap between having a succession document and true leadership preparedness.
Cole explores the tough questions boards must answer:
- Who are your internal CEO successors?
- What capability gaps exist?
- When is external recruiting necessary?
- How do you move from annual reviews to meaningful leadership development?
The piece offers practical insights on quarterly succession reviews, real-world candidate assessments, and the governance discipline needed to build genuine leadership depth—before a crisis forces the issue.
Read Cole’s full insights HERE.
About the Credit Union Times
Established in 1990, CU Times is the credit union community’s leading news source. We set the standard for credit union journalism excellence and attract more paid advertising than any other credit union media.
Published weekly, its main focus is to provide comprehensive, objective coverage of the latest credit union news. It also offers extensive on-site conference coverage, people features, statistical analysis and expert technology coverage.
With a growing stable of products, including events, Webinars and custom publishing opportunities, Credit Union Times offers readers and advertisers many ways to get connected with the dynamic credit union industry.
About Cowen Partners Executive Search
At Cowen Partners, we stand at the forefront of the marketing executive search industry, empowering companies to thrive and excel in their growth, revenue, and market presence.
We specialize in identifying exceptional leaders and placing them in key positions to drive success. Our team of seasoned executive recruiters collaborates with organizations of all sizes, encompassing both public and private enterprises, pre-IPO ventures, and non-profit entities.
Through a meticulous and discerning approach, we unite handpicked candidates, with companies in pursuit of the most exceptional executive talent, representing the top 1%.
With the support of our experienced senior partners, we execute a diligent and efficient executive search process, ensuring leadership placements within a remarkable six-week timeframe.
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