Leadership Development: Spotlight on the Next Generation

Here’s a rule of thumb: A chief executive officer needs roughly 10 years in a range of leadership positions across an organization before capably ascending to CEO level. Consequently, financial institutions need to plan now to replenish their executive ranks.

Crowe Horwath LLP helps financial institutions take a proactive approach to succession planning. The benefits include the ability to sustain organizational progress without loss of momentum, and achieving strategic advantage over less farsighted competitors.

Our human resource surveys show the average age of a banking CEO is 57. Many institutions, however, have yet to commit the resources, or set the right processes in motion, for effective succession planning among senior executives, at headquarters, as well as at the branches.

Our HR professionals are specialized in working with financial institutions, and successfully addressing the challenges in this industry. We can help you develop an effective road map on this multiyear journey. We assist in identifying high-potential individuals, and recognizing their development needs and opportunities. In addition, we map out development plans, and monitor individual progress toward achieving your objectives.

Financial institutions that promote steady development and succession of their leaders take control of their own futures. Crowe can help your institution identify, assess, and develop the high-performance talent you need for a successful future in an always evolving industry.

For more information on Crowe’s services, please contact Terry Johnson at terry.johnson@crowehorwath.com or 574.236.7616.