And it's the first time I've ever seen a CEO succession (at a company I'm working at) explicitly due to success
Endeca did that twice. Once before I got there, when Steve Papa (founder CEO) handed off the CEO job to Jim Baum, because the company had gotten too big for him; then again, when Jim Baum stepped down because the company had gotten too big for him. The explanation the second time was that going from $0 to $5M was one problem, then from $5M to $50M was another problem, then from $50M to $500M was yet another.
Mind you, I'm not sure how well the second time worked out; I left about 6 months later, and they still hadn't found a permanent CEO.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
(no subject)
Date: 2010-10-15 10:14 pm (UTC)Endeca did that twice. Once before I got there, when Steve Papa (founder CEO) handed off the CEO job to Jim Baum, because the company had gotten too big for him; then again, when Jim Baum stepped down because the company had gotten too big for him. The explanation the second time was that going from $0 to $5M was one problem, then from $5M to $50M was another problem, then from $50M to $500M was yet another.
Mind you, I'm not sure how well the second time worked out; I left about 6 months later, and they still hadn't found a permanent CEO.