After years in the role, a CEO's identity can intertwine with their job, making it difficult to transition into life after the position. This often leads to poor succession planning.
The allure of the CEO role, complete with deference and luxury, complicates the decision to step down, causing many to resist handing off longer than necessary.
Keith Barr, former CEO of InterContinental Hotels Group, noted that the CEO job can significantly influence personal identity, making the transition process quite challenging.
Carl Bass, leader of Autodesk for twenty-four years, emphasized the importance of distinguishing one's identity from the job as critical during transitions.
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