Between a third and half of new CEOs are failing

The best leaders in transition know to listen and to learn. (Image: Getty)

Wed, 10 May 2023

Between a third and half of new chief executives are considered to be failing within 18 months of taking the role, according to research by global management consultancy McKinsey.More than 90% of those CEOs confess they wish they had managed their transition differently. Those who got it right recognised that they needed to lead differently than they did on the way to the top.The best new CEOs make their first six to 12 months both a personal transition and a moment of institutional renewal. While each leader acts in ways that are rel...

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