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What to Do When Your Leader is Leaving

When the leader of your organization announces their departure, no matter what the reason is, it can cause disruption and panic. But it can also be an opportunity for a fresh start; to find a new leader who will mesh with, and improve your organization, or take it in an entirely new direction. Here are some actions to take if this happens to your company or organization:

1. Talk to the outgoing leader; exit interviews are important at every level! Why are they leaving? What are they proud of? What would they improve? What are their insights on the team’s dynamics?

2. Talk to stakeholders: the senior management team, as well as others in the organization. Ask them similar questions: What did they like about the outgoing leader? What would they like to see in the next one? How are they feeling about the change?

3. Picture the role and the company in a few years. How do you expect it to change in the meantime? How much of that change needs to be leader-driven vs by other forces? Take this into account when outlining the qualities you want.

4. Make a plan to find your new leader—and don’t rush the process. Are you going to stay in-house? Hire an executive search firm?

5. Communicate your plan to relevant stakeholders, to build trust in the process and that you’ll find the right fit.

If you’re ready to hire a senior finance or C-Suite leader, or just need help in putting a plan together, get in touch to arrange a quick chat. Email Paul, Brent, Troy, or Tara, or give us a call at 519-673-3463 or 416-847-0036.

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