#successionplanning

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No good young talent

When I look around my team, it's mostly people near retirement. We do get some new faces, but they're usually gone within a year, either unable to fit in or unwilling to do the work. When the old guard finally leaves, there won't be anyone ready to step in. It's wild that there are almost no junior people learning the work.


IGS Leadership Exodus

Two big exits in two weeks. Honestly feels like things might finally be moving in the right direction. Really hoping the unannounced / undecided LSS interim is the one we’re all secretly pulling for. And that today's announced CTO interim doesn’t end up permanent. Who's the next one to go?


Walmart CEO Doug McMillon to retire, John Furner to succeed

After over a decade in the position, Walmart Inc. CEO and President Doug McMillon will retire Jan. 31.

Current Walmart U.S. President and CEO John Furner has been elected by the board of directors to succeed McMillon effective Feb. 1, according to a Friday press release. Furner has also been elected to the board effective immediately and the company plans to announce his successor before the end of fiscal year 2026.

https://www.retaildive.com/news/walmart-ceo-doug-mcmillon-retires-john-furner-succeeds/805522/


I don’t care about the disclosure anymore

Became close to many here in 15 years. Cannot stress this enough - The company you think you know IS planning your “winter.” Prepare. Please prepare. Putting in notice this week. And it does not matter how well you’re doing your job.

With telco moves recently, can see stank doing larger cuts and then T puts in new CEO q1. All this in effort to make it look like they’re listening.

Winter is coming.


Early Exit and Termination for Penny?

Since this Enterprise Reimagine was so bad, who will take responsibility? There are loads of complaint from field and survivors, who should take responsibility?

Also hearing that this is the master plan that Chubak wants Penny to do ER so that he can be managing partner faster. Nobody wants to wait 5 years to see Penny retire and then taking over.

I am sickened to my stomach to see this organization go backwards in all of the values they believe in + the momentum the firm had around new business/technology/products. We lost so many unicorns and institutional knowledge that we will never get back.