Jennifer Reingold wrote a story for Fortune on the ‘science’ behind the CEO succession process that recently transpired at Procter & Gamble.  I wrote an earlier blog praising the process at P&G but Reingold has managed to go into the process with just a bit more depth.  According to Reingold,

It is something strange in this era of failed leadership, abysmal succession planning, and dueling egos: a transition atop one of the world’s largest and most successful companies that is notable for what’s gone right.

Like just a handful of other companies, including PepsiCo (PEP, Fortune 500) and General Electric (GE, Fortune 500), P&G (PG, Fortune 500) has seen its ability to groom top talent as a competitive advantage — as much of one as its trademark on Tide or patent on Pampers. Although the company is 172 years old, it has had only 12 chief executives, all insiders, and among them two family members.

Check it out.

This entry was posted on Thursday, November 19th, 2009 at 12:30 pm and is filed under Liberum Management Change. You can follow any responses to this entry through the RSS 2.0 feed.