#011: Why a CEO Stepped Down so an Intern Could Take Over /w Hermann Arnold Innovational Correctness

In 2013 Herrmann Arnold (at that time CEO and shareholder of Haufe-umantis AG) voluntarily stepped down as a CEO and appointed a former intern for the CEO position, because he was convinced that he wasn‘t the right person to continue the next growth stage of his company. Many would view this as a colossal failure. Why the exact opposite is true, is something we discuss at length in this episode.
 
In this episode we will answer some of the following questions:
Why my guest voluntarily stepped down as a CEO in order to give a former intern his positionHow his successor and customers reacted to this decisionHow a manager recognizes the point where he or she is not the right person anymore to continue to lead the companyWhat it felt like coming back to the company and working under the new CEOHow he handled the conflict of his successor implementing his ideas with successWhy more companies should think about limiting the terms of their CEOsWhat he learned from letting his employees vote for managers and why he believes this might not be the solution for the future 
Show Notes, Transcription, & Resources Mentioned: gammabeyond.com/en/podcast/011
Podcast Website: www.innovationalcorrectness.com
---
If you enjoyed this episode, could I ask you for one small favor?
Would you please consider rating and reviewing this podcast on iTunes, Overcast or the podcast app of your choice? It really helps us out, by encouraging more people to find our podcast and reach hard-to-get guests.
Last but not least, if you have any suggestions for further episodes or guests should be invited on this podcast or just have feedback, shoot us a quick email: info@gammabeyond.com or fill out our feedback form.
Follow & add David on:
LinkedIn: linkedin.com/in/davidluna/
Youtube: youtube.com/c/GAMMADigitalBeyond

Hosted on Acast. See acast.com/privacy for more information.