The Missing Ingredient in a CEO Succession Plan

A CEO succession plan for a closely held food company

The CEO of this closely-held food company wanted to find a successor who could position the 50-year-old industry leader to be successful for at least another 50 years. This was a CEO succession plan built around continuity, not just a hire. He shared his needs and vision with us: a successor with proven sales and marketing leadership, along with the drive and gravitas to move into the CEO role within a year or two.

Finding a successor ready to lead within two years

Ideally, the successor would also be experienced in working with European partners. The candidate we found not only had the required experience, vision, and cultural fit, but was currently serving as president of the North American division of a European company in a food-related industry. That combination is what a two-year readiness window demands: someone who can lead now and move into the CEO role on schedule.

Why deep food-industry experience made the difference

To find this rare fit, Kincannon & Reed brought to bear our knowledge and experience as a firm, along with the executive experience our principals gained while leading companies in food-related industries. Knowing the sector from the inside is what let us recognize a successor others might have missed. Both our client and the leader we located are extremely pleased with the outcome.

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