CUES Podcast
CUES Podcast
Dec 3, 2020
CUES 106: If You’re Ready to Be CEO, It Will Show, Plus A Lot More on CEO Succession for Both Boards and Candidates—an Interview with Deedee Myers, Ph.D., and Peter Myers
Play • 58 min

What does it mean to be CEO-ready? How can candidates know when they’re ready? How can boards know a candidate is ready for the top slot?

Some key things candidates should have if they’re really ready to lead an organization include a deep understanding of cross-functional leadership, solid knowledge of the business and how to work with people; and experience with effective board governance, explains Deedee Myers, Ph.D., MSC, PCC, president/CEO of DDJ Myers Inc., a CUESolutions provider based in Phoenix. 

“Cultivation (of a CEO) … is not an overnight phenomenon,” she explains in the show. “So we want to set it up and have these different milestones and testing places along the way to test our internal candidates and to test ourselves. Are we ready?”

DDJ Myers SVP Peter Myers adds that he wants to distinguish between being ready to get the CEO job and being ready to do the job exceptionally well. “Make sure you self-assess,” he advises, “why you want to get this job…. Find someone you trust to give you unvarnished feedback. Ask them, ‘What do you think are the primary and secondary reason I’m vying for this job?’ … Boards and members and staff want someone that is going to put their needs far above and beyond (the executive’s) own self-interest needs. One of the primary jobs of the CEO is to get the best out of their staff.”

The show also gets into

  • How candidates can become more CEO ready
  • Must-dos for candidates interviewing for the CEO slot with a credit union board
  • No-nos for candidates interviewing for the CEO slot with a credit union board
  • The current CEO’s role in the CEO succession planning process
  • What boards can expect from the CEO succession planning process
  • The value of having a specific structure and process to follow when undergoing CEO succession planning
  • The answers to two questions from CUES Podcast listeners

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