the ceo magazine, succession planning,
Louise Kelly, CEO & Founding Executive, EnerBank

In less than a month, I will be retiring as CEO of EnerBank USA. This decision didn’t come lightly. I’ve spent most of my life in banking: much of it in the mid-Atlantic region and, for the last 13 years in Salt Lake City, as the founding executive and leader of EnerBank USA, specializing in consumer home-improvement lending. I know it’s the right time to step down. And I have every confidence in the successor chosen by the bank’s board of directors (on which I serve) and in the management team we have built over the years.

the ceo magazine, succession planning
Dr Don Steele, Coauthor of “Undefeated”

It was a cold Michigan winter day when I first met Bill and Chris Shepler at a restaurant in Mt. Pleasant, Michigan. I had just flown in from my home in Scottsdale, Arizona. My meeting with the Sheplers had been arranged by Dr. Patty Janes, a professor at Central Michigan University. Patty had been placing CMU students with Shepler’s Mackinac Island Ferry Service for many years and had observed that help was needed in facilitating a successful transition from the second to the third generation in this family-owned and operated business. She had recommended that CEO and father, Bill and his eldest son, Chris invest in my coaching and consulting services. We had a good conversation and agreed to a contract.

ceo succession tips, ceo magazine
Dr. Thomas J. Saporito, CEO & Chairman, RHR International

Dear Founding CEO,

Congratulations on what you have accomplished. Your vision, imagination and plain hard work have turned the spark of an idea into an organization that employs thousands and provides valuable products and services to consumers around the world. Your personality and drive have become synonymous with the culture and brand of the company. While this is rightfully a tribute to your talents, I have to wonder…does your vision extend to what the organization will look like without you?


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