Patricia Lenkov

Exit Strategy by Patricia Lenkov

Disney’s CEO succession turmoil and the importance of bench strength

Until April of this year, Disney seemed to have an internal successor in place to take over from CEO Bob Iger when he retired in June 2018. However, as they say, the best-laid plans… Iger’s anointed successor was COO Tom Staggs, and in early April, he threw succession at Disney into turmoil when he unexpectedly stepped down.
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Medical leave: A monkey wrench in the succession-planning process

What do the CEOs of Overstock.com, Level 3 Communications and Valeant Pharmaceuticals all have in common? In the past year, they have all taken a medical leave. While their medical problems are different and unquestionably unfortunate, the impact on their companies could be far-reaching and, if not handled properly, devastating.
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Lessons on succession planning from Yahoo’s revolving door of CEOs

When Marissa Mayer was named CEO of Yahoo in July 2012, her appointment was major news for the beleaguered company, which was hoping for a turnaround. Fast forward to today, and after a variety of fits and starts, it turns out Yahoo lost 30 percent of its value last year
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When Plan B is not enough: Some lessons from the United Airlines CEO succession(s)

United Airlines has captured its fair share of news these past few years, and much of it is related to what has regularly been referred to as a “leadership crisis.” In 2010, United merged with Continental, creating the world’s largest airline. But, as the old saying goes, bigger is not necessarily better.
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Patricia Lenkov

ABOUT PATRICIA LENKOV: Patricia Lenkov heads up Agility Executive Search, a boutique firm she founded in 2008. Previously, she was a member of the board of directors practice at Spencer Stuart and Heidrick & Struggles, where she conducted board and C-level search assignments for Fortune 500 companies.