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Retirements fuel succession plans

The American Petroleum Institute is already planning for life after Red Cavaney. Cavaney, who’s been at the helm for more than 10 years, hasn’t announced any plans for retirement. But four years ago, his association started planning for it with a process that could appoint an internal candidate as the next leader of API. And Cavaney is part of the process to hire and groom senior staff that could someday replace him. “I, as the CEO, can stand before my leadership and say to them, ‘If I get run over by a truck walking out the door, you don’t have to be concerned with immediately engaging the search because you have a staff with all the skills that I bring to the table and… Read More