CEO Turnover in the New Era: A Dialogue with the Financial Community

Abstract

Scholars working in the strategy area have long held that one of the primary ways in which organizations adapt to external changes is through strategic choice. Inasmuch as a new CEO can result in a new strategic direction for the firm, the CEO turnover event itself is an important way by which organizations can signal an alteration in the direction of the firm. In this chapter, we explore how and why CEO turnover has become one of the most powerful indicators of adaptation the firm can make and propose a research agenda to guide future work on CEO turnover.

Citation

Wiersema, M.F. and Moliterno, T.P. (2006), "CEO Turnover in the New Era: A Dialogue with the Financial Community", Baum, J.A.C., Dobrev, S.D. and Van Witteloostuijn, A. (Ed.) Ecology and Strategy (Advances in Strategic Management, Vol. 23), Emerald Group Publishing Limited, Leeds, pp. 137-173. https://doi.org/10.1016/S0742-3322(06)23005-5