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There’s a common question in the business world: “What would you do if your CEO was hit by a bus tomorrow?” The saying is supposed to highlight the importance of ensuring an organization has prepared in case something unexpected happens to its leader — a sudden illness, a scandal, a desire to retire immediately. But banks are finding that it is no longer sufficient to just ask this question about their CEO. With an aging workforce and continual industry consolidation, it’s become an operational and regulatory imperative that banks and their boards consider succession planning for other C-suite executives, such…
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WRITTEN BY
Jackie Stewart
Executive Editor
Jackie Stewart is the Executive Editor of Bank Director. She is responsible for writing and editing features for the company’s weekly newsletter and quarterly print magazine and oversees sponsored research reports. Jackie is particularly interested in community banking and M&A activity. She previously served in a number of reporter and editor roles with American Banker, including executive editor of American Banker Magazine. She has also covered retirement issues for Kiplinger and spent two years teaching middle school literacy in the Bronx, New York, through Teach For America.