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New Voting Poll: What's the Best Way to Find a New CEO?

WEST PALM BEACH, Fla. - This year has seen the departure of a number of high-profile CEOs in the credit union industry, both from vendors and credit unions themselves. Finding a new CEO can be one of the most important jobs for the board. With today's competitive marketplace, landing top...

By Staff Writer | Updated on October 12, 2004

WEST PALM BEACH, Fla. – This year has seen the departure of a number of high-profile CEOs in the credit union industry, both from vendors and credit unions themselves. Finding a new CEO can be one of the most important jobs for the board. With today’s competitive marketplace, landing top talent isn’t easy. That brings us to Credit Union Times’ new online voting poll. The question is as follows: What’s the best way for a board to find its new CEO? * Succession plan where someone internally is ready to fill the job; * Use an external search firm and look nationwide spanning multiple industries; * Form a board committee that only looks within the credit union; * Place classified ads in national and local publications; * A combination of some or all of these options.

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