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 position
- How his successor and customers reacted to this decision
- How a manager recognizes the point where he or she is not the right person anymore to continue to lead the company
- What it felt like coming back to the company and working under the new CEO
- How he handled the conflict of his successor implementing his ideas with success
- Why more companies should think about limiting the terms of their CEOs
- What 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
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