Succession planning is crucial but often overlooked in nonprofits. More than 70 percent of organizations lack formal CEO succession plans and emergency transition procedures. This leaves boards unprepared when sudden leadership changes occur. What happens if your CEO leaves unexpectedly? Who will take over financial and operational responsibilities on short notice? 
Senior Living Visionaries host, Jennifer Drago, discusses the importance of CEO succession planning for nonprofit organizations. She emphasizes the need for nonprofits to have an emergency leadership transition plan in place in case of an abrupt CEO departure. This plan should outline who will take on key responsibilities like financial oversight, communications, and interim management.

About Our Host:
Jennifer Drago is an award-winning strategist, author, speaker and certified business coach. Through Peak to Profit consulting, she helps senior living, healthcare and nonprofit organizations get clear on their vision and strategy so they can identify -- and execute on -- opportunities for growth, revenue and operational efficiencies.
Jennifer worked as a strategy and operations executive in the healthcare and senior living industries for 30 years, facilitating strategic plans and developing new programs and service lines. She holds a bachelor’s degree in Finance, a master’s degree in Business Administration and a master’s degree in Health Services Administration from Arizona State University.  
Visit http://seniorlivingvisionaries.com/ or our sponsor, https://www.peaktoprofit.com/, to learn more!You can also follow Jennifer on her LinkedIn: https://www.linkedin.com/in/jenniferdrago/

About the Show:
Subscribe to be notified of new episodes of Senior Living Visionaries as they are published! Visit https://www.peaktoprofit.com/podcast-subscribe.Know someone who would make a great guest on the Senior Living Visionaries podcast? Apply here: https://airtable.com/appCRz6ksoivW5dzI/shrH2VSWVCXg4KMeH
Hosted on Acast. See acast.com/privacy for more information.