Here are some of the potential future CEOs in big tech, and how much they’re currently paid
Industry TrendsSuccession PlanningTechnologyBoard and CEO AdvisoryCEO SuccessionExecutive Search
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February 26, 2021
Industry TrendsSuccession PlanningTechnologyBoard and CEO AdvisoryCEO SuccessionExecutive Search
The Business Insider article, "Here are some of the potential future CEOs in big tech, and how much they’re currently paid​," quoted Russell Reynolds Associates Consultant Anthony Abbatiello on the importance of a CEO succession plan. The article is excerpted below.
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Business Insider

In mid-February, Amazon announced that its founder and CEO Jeff Bezos would step down from his role as CEO of the company. In the second half of 2021, Bezos will assume the role of executive chairman, and former cloud executive Andy Jassy will take on the chief executive role.

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Insider analyzed the C-suites of big tech companies to understand who the next class of tech CEOs might be. We looked at COOs, heads of business lines, and other executives who are best-positioned to grow into the top spot, and how much they're currently paid. Let's take a look.

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Preparing for the transition is important, according to a succession planning expert

 

In any organization, a CEO succession plan is important, according to Anthony Abbatiello, global head of leadership and succession consulting at consulting firm Russell Reynolds Associates.

 

For most organizations, succession planning starts three to five years before an expected departure, and should also continue at least a year into the new executives' appointment. Typically, Abbatiello says that it's worth casting a broader net than just one archetype, like a COO or head of business line.

 

"If we look at our data over time, CFOs and COOs have typically moved into the CEO job," said Abbatiello. "But what is more important than a typical profile is having clarity around what is actually required in that job. What are the capabilities, skills, traits, and behaviors of that leader? What is the environment that they're going to be swimming in every day? That's what's going to drive what the success is more than the typical profile."

 

This can look different for tech giants.

 

"[For CEOs at traditional tech firms] it really is about understanding the culture and, and driving the financial success of the organization... These are large organizations that have massive ecosystems and connections into other broader ecosystems."

 

To access the full article, click here.​