Succession planning is a recent hot topic for CXO roles including the CFO role. At lower middle market companies, this is a tricky matter to navigate. In a perfect world, there would be an Apprentice CFO on staff. Someone to shadow the incumbent at all meetings, all phone conversations and of course, all e-mail communication. In other words, an executive-in-waiting fully groomed and fully-trained to step in on Day 1 of a new era. Unfortunately, no middle market company I am familiar with has Continue reading
