Who’s really in charge — the sponsor or the CEO?
Before the merger, the sponsor runs the show: raising capital, finding the target, and structuring the deal.
But once the merger is complete?
The CEO of the acquired company takes over.
The sponsor might stay involved — maybe on the board or as an advisor —
but from that point forward, the CEO drives operations, growth, and strategy.
It’s a relay — not a tug of war.
Talking Points:
- Sponsors control the SPAC entity and capital before merger.
- The CEO of the target company takes operational leadership post-merger.
- Sponsors may help select or vet the CEO during the deal process.
- Clear roles are critical to avoid confusion or power struggles.
- Many sponsors step aside post-transaction, though some stay on as board members.
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