Signs It’s Time to Step Down From Your Leadership Role
New Zealand’s Jacinda Ardern and Netflix’s Reed Hastings made headlines announcing they were stepping down. But how do leaders decide when the time is right?
For CEOs and other leaders, the decision to step down can be fraught.
The question of when to quit has become especially salient with New Zealand Prime Minister Jacinda Ardern and Netflix co-founder Reed Hastings both announcing they’re stepping down from leadership positions this week. Many executives have been criticized for hanging on — speculation about when JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon might retire has been swirling on Wall Street for years. Others are criticized for their succession planning — the failure of which has left Carlyle Group without a CEO since August after the founders ousted their chosen replacement.