We explore a lot about leadership in this blog. Most of the discussions revolve around `characteristics of great leaders’, or `values of great leaders’, even `behaviors’ of great leaders. We haven’t talked yet about when a great leader decides to step down from his leadership role.
Frankly, I haven’t thought about it much. Why would I? After all, I think of great leaders as leading their organization until they decide to retire altogether.
Well, that’s not necessarily true. I read an interesting article today titled, “CEO Resignations: Is it Time to Climb Down the Ladder?“.
There are some very interesting thoughts explored in the article and I suspect in the book referenced, Consiglieri: Leading from the Shadows. I plan to read the book.
Bottom line is this: this CEO (and probably many others) realized he was no longer happy leading his company as the CEO. Instead, he found a replacement and helped the replacement by taking a step down from the CEO position but not out of the company altogether. The concept intrigues me for several reasons.
First, as a hard charging leader, one can burn out. This concept allows the leader to re-charge by stepping aside but not out of the picture altogether.
Second, it seems this can also be a great transition plan for organizations. Have the current leader step aside but not out. Then he can help train and advise the new leader.
Of course this might not work for everyone or every organization. But the concept is intriguing.
Have any of you felt burn out and changed your leadership position within your company as a result?