One of the feature stories in this issue of Bank Director magazine—”Exit Strategy,”—focuses on the transition from a retiring chief executive officer to his or her successor, one of the biggest events a bank’s board of directors deals with outside of a merger or acquisition. What type of advice, if any, should a retiring CEO offer on the way out the door? This is an especially pertinent question now, given that incoming CEOs today are taking over at a delicate time. The economic cycle is well-seasoned. The regulatory environment is evolving. And technology is revolutionizing the way customers interact with...
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