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Succession plan should be part of your legacy

Some CEOs reluctant to raise issue Drafting a succession plan may be about as much fun as writing your will—and some CEOs are just as reluctant to broach the subject with their boards—but it is critical for the organization's future as well as for how you will be remembered. Mary Logan started her tenure as CEO of the $15 million-revenue Association for the Advancement of Medical Instrumentation crafting a plan to handle her departure—and then made it a point of pride to implement the plan before retiring eight years later, in 2016. Sue Kelly, CEO of the $20 million-revenue American Public Power Association since 2014, benefitted from a thoughtful plan at her organization,… Read More