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CHROs can be more critical than CEO in succession planning, report finds

  • Chief human resource officers (CHROs) play a crucial role in CEO succession planning by defining processes, shaping criteria, and evaluating candidates.
  • Boards with strong succession practices report higher CHRO engagement and better outcomes, as per a report by the HR Policy Association and University of South Carolina’s Center for Executive Succession.
  • For successful succession planning, CHROs need trust from the board, CEO, and executive team, along with key characteristics like business fluency, objectivity, and discretion.
  • CHROs are increasingly seen as essential advisors to corporate boards and are integrating succession planning into talent reviews for long-term value creation, according to a report from The Conference Board.

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