The Daily Read

Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities

As a CEO, when is the right time to transition out of the role? Making an effective exit can be complicated as CEOs must think about what is right for them, while also ensuring that the organization and the next generation of leaders are set up for success. In a recent episode of the Inside the Strategy Room podcast, McKinsey’s Carolyn Dewar , Blair Epstein , and Kurt Strovink discuss what a successful CEO transition looks like and share insights on how some of the world’s best CEOs have navigated issues such as timing, working with the board, determining whether to appoint a deputy CEO, dealing with the psychological aspect of leaving the role, and more. Be sure to tune in.

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How to transition out of the CEO role

Making an effective exit from leadership is critical to both the organization’s future and the CEO’s legacy. Here is how the world’s best CEOs approach that transition.

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Quote of the day

“With the right stakeholders convened in Davos, it’s imperative that transparency, accountability, and trust are a part of the gen AI conversation to ensure personal information remains just that—personal. With this foundation, we can ensure people are at the core of its use.”

—Shamina Singh, founder & president, executive vice president, Sustainability, Mastercard, on what aspect of generative AI deserves significant focus and attention at Davos 2024 in Young Global Leaders on Davos 2024

Chart of the day

A chart titled “The global asset management industry had a challenging year in 2022.” Click to open the full article on McKinsey.com.

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— Edited by Joyce Yoo, editor, New York

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How to transition out of the CEO role

“With the right stakeholders convened in Davos, it’s imperative that transparency, accountability, and trust are a part of the gen AI conversation to ensure personal information remains just that—personal. With this foundation, we can ensure people are at the core of its use.”

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