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Transcript

E15 — Graceful CEO Succession with Maria Josife

"If all of you <...> are thinking, We need a new CEO, and you've been thinking that for months <...> and you've done nothing about it, it's an error."

Maria Josife is a partner at Erevena, a leading executive search firm working with clients like Zoom, Asana, Airtable, Intercom, Cleo and hundreds of others. Maria specialises in CEO and C-suite appointments in VC-backed tech companies.

By virtue of her work in executive search, Maria has seen more CEO transitions from the inside than most investors. In this conversation, she shares what works and what doesn’t during the delicate process of CEO change in a startup.

Enjoy the conversation!

Timestamps

(Clickable on YouTube)

00:00 Introduction

01:32 About Erevena

04:15 The Complexities of CEO Succession in Venture-Backed Startups

08:50 Replacing vs Augmenting a Founder CEO

11:01 Starting the Conversation Early

16:19 The Timeline and Process for a Smooth CEO Transition

22:41 The Role of Coaches, Chairs, and Non-Execs in CEO Succession

26:17 Hire Right to Remain as CEO

33:50 The Drivers of Success of CEO Change

37:17 The Risks of Hiring with Intent to Promote to CEO

39:58 First-time CEOs vs Experienced CEOs

42:14 Insiders vs Outsiders

44:12 What Happens to Founder CEOs After They Step Down

47:36 Advice for Founders And Investors

56:38 Key Takeaways