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Succession planning: Apple did it right; why do so many do it wrong?

June 17, 2013 Occasional Contributors Corporate Governance

Lululemon announced Monday that chief executive officer Christine Day will be stepping down after a five-year tenure. Shares plummeted after the statement, down 15 percent by Tuesday morning. During her time as CEO, Day helped grow the high-end yoga brand’s sales to more than $1 billion annually. It’s clear that CEO transitions present a great deal of risk for shareholders, especially as new perceptions are formed. So what’s the best way to deal with risk mitigation during publicized CEO transitions?

apple, CEO transition, Christine Day, Internal Controls, lululemon, risk mitigation, share value, Steve Jobs, succession planning, Tim Cook