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Nearly Half of PE Firms, Portfolio Companies Doubt Current Management [Recent Survey]
PE portfolio companies face looming leadership, recruitment & retention crisis steaming into potential recession, according to AlixPartners latest annual survey released at end of March. “For company leadership, the challenge of recruitment and retention ranked far above recession risk, higher interest rates and harder-to-access debt, strategy execution, and market volatility.”
https://pitchbook.com/news/articles/private-equity-hiring-recruitment-leadership
- With economic adversity comes a push from boards of directors to back-stop and buttress CEOs with not just a Board Chair, but an Executive Chair. Why? And Why now?
Does Your Board Need An Executive Chair?
https://hbr.org/2022/11/does-your-board-need-an-executive-chair
- Latest McKinsey insights on first-time CEO preparation. Self-rating on 6 pointed priority star.
Rising CEOs: Lessons from the McKinsey Leadership Forum
1) Develop insight and edge from a diverse ‘kitchen cabinet’
2) Ready your value creation thesis
3) Act like a CHRO
4) Do only what you can do
5) Move from a private to a public persona
6) Manage your personal energy
https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/rising-ceos-lessons-from-the-mckinsey-leadership-forum