The Voice of Canadian Credit Unions
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Time Machine: CEO demand outstrips supply

Enterprise, January 1996

Dozens of pages of Enterprise have been dedicated to covering the C-suite shuffle, including “Succession planning under siege” in the January/February 1996 issue, which focused on the situation in B.C.

READ the feature “Executive exodus” to see how credit unions are coping two decades later.

“In 1995, 13 of B.C.’s 100 credit unions either hired a new GM [CEO] or were in the process of looking for one. Of the 13 job vacancies, six resulted from the incumbent retiring and seven resulted from other causes, including resignations to accept new positions in other credit unions.” The article also asks, “How did we muddle up our succession planning, so badly?” noting that the massive turnover in CEOs and GMs is the focus for the next five to 10 years.  ◊