Insights, Resources, and Case Studies
Cultivating Innovation – Transferring Knowledge from R&D to Production
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Case Study: Disney’s Inadequate Succession Planning And How To Avoid It
Don’t Replace Your Star Executive, Replicate What Makes Them Unique
In April 2016, Disney’s stock price dropped 2% overnight when their COO, Tom Staggs announced his departure from the company. The issue? Tom was the apparent heir for CEO Bob Iger and his announcement signaled an unraveling of the entertainment giant’s succession plans.
Disney’s solution was to ask Iger to extend his contract, which he did – for the third time. Today, more than two years later, Iger is still at the helm with a departure date set for 2019.