Verboven: Research shows CEO appointments succeed only half the time
Tom Verboven · Lou Gerstner Turned a $3B Loss Into $8M Profit By Ignoring the Obvious Hire · Jun 18, 2024 · at 11:48
Tom Verboven, Senior Director at Mercer Talent Enterprise, discusses the risks corporate boards face when selecting executive leadership.
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“And we see from research that it's success one out of two. It's like flipping a coin.”
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More from Tom Verboven
Verboven: Shift to AI Once It Beats Average Human Judgment
“Well, once AI is better than an average human judgment, we should stop using the humans and use AI systems.”
Verboven: Changing Company Culture Requires Hiring Leaders Who Only Partially Fit
“Because you also want to change the culture, maybe. So you need someone who kind of fits in, but not fully. So, so that person or that leader can change the, so there's a lot of discussion around what is now the ideal success profile of that specific leader.”
Verboven: Executive assessment jobs will eventually be replaced by algorithms
“I think the more we learn, the more we develop, I think at a certain time, My job will be replaced by an algorithm.”
Verboven: Job candidates will reject AI-only evaluation even if fair
“And also putting myself as a candidate, I would, at the moment, I would hate it to be assessed by a computer or an AI system. And even if it was fair, I would never feel like I'm treated correctly”
Verboven: Companies Frequently Rely on Outdated Leadership Competency Profiles
“Happens a lot. Old competency profiles. Yeah, totally not fit for what they're doing. Not fit for future happens all the time.”
Verboven: Graduates Face More Assessment Time Than Prospective CEOs
“As a graduate, you probably spend more time in being assessed than a CEO, because there's a perception of, okay, that woman or man went, was already a CEO, so they're probably intelligent. They probably know what they're doing. So they've spent two days assess…”