Supporting a Board through CEO Succession
As a fast-growing alternative asset manager, our client was expanding rapidly across asset classes, industries, and geographies. With a focus on long-term performance, the client aimed to refine its people and culture strategy to ensure alignment, scalability, and sustained success.
“Our mission requires a level of leadership that can think beyond today and envision what is possible in the healthcare sector in the future.”
The idealis Approach
Idealis partnered with the Board, CEO and CHRO to establish a baseline understanding of the role of the CEO in the context they will be leading within. Using our proprietary Real to Ideal methodology, we conducted qualitative assessments with key Board members to understand the business priorities, culture and leadership capabilities required to move the organization to the next level of performance.
Our diagnostic approach included:
- Real to Ideal Blueprint
A roadmap identifying opportunities to enhance strategy, operations, and human capital priorities
- Human Core Assessment
A psychometric assessment used with each candidate to understand their motivations, values and mindset.
- Your Story
A conversation with candidates to understand their origin story, track record and contexts in which they thrive.
- Their Story
A series of conversations with references for candidates to deepen understanding of a candidate’s style and capabilities.
The Transformation
With an aligned set of expectations for the new CEO, idealis worked with the Board to assess candidates and offer deep and nuanced perspective on each leader, supporting the Board Chair, CEO, CHRO and Committee as they made a final decision to appoint a new CEO with confidence.
Real to Ideal blueprint outlining clear expectations that the CEO would be accountable for.
Identification of key cultural and leadership attributes that would accelerate (or derail) the CEO’s integration and success.
Candidate summaries reflecting the story and life/career trajectory of each individual candidate, backed by data from the Human Core psychometric assessment.
Guidance on how to best influence and support the new CEO based on their unique profile and motivations.
Recommendations for key areas of focus to support rapid integration and accelerated impact.
Coaching & integration support to outline a transition plan to smooth the leadership shift from the former CEO to the new CEO.
The Results
Following idealis’ succession planning process, the organization successfully hired a new leader to succeed the current CEO, leading to:
"Hearing the idealis team describe a candidate’s story gave me a perspective that I didn’t have about someone that I met several times. It made me understand the candidates differently."
– [Board Member, Healthcare Institution]
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