Pandemic prompts some CEOs to put off stepping down
- September 28, 2020 |
- LORI SHARN BRYANT
Need for continuity, advocacy and deep industry knowledge behind decisions to keep longtime leaders in place a little longerBibbyCEO Doug Bibby planned to mark his 20th anniversary with the National Multifamily Housing Council next year by turning over the leadership reins to someone else. Instead, he will delay his retirement a year with the aim of stepping down in January 2022 instead of January 2021.Bibby said a "triple whammy of circumstances" led to the decision: Concerns that a new leader could not meet in-person with staff; would have a harder time getting up to speed on issues; and may have to tackle deep financial losses if the pandemic continues. "Senior staff… Read More