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A Healthy CEO Succession Is Intentional and Takes Time

A Healthy CEO Succession Is Intentional and Takes Time

  • Ray Sedey
  • McCarthy Holdings, Inc.

When I was appointed CEO of McCarthy Holdings, a nationwide Evergreen® commercial construction company, in August 2019, it was the culmination of an extensive process of deep conversations with current leadership, psychological assessments, leadership development, and personal reflection. The process took 42 months.

While the timeline was longer than anyone involved expected, the diligence and thoroughness with which it was carried out resulted in a smooth transition in leadership for our 100 percent employee-owned company, the development of strong connections across our leadership team, and a powerful, replicable roadmap for future succession.

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