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Abrupt Transitions Can Be Difficult, Disruptive

Thursday, June 27, 2013

Men's Wearhouse recently, and abruptly, fired its CEO, George Zimmer, resulting in a tense situation for the board, Zimmer and the company's employees. In a recent article with the Los Angeles Times, Witt/Kieffer president and CEO Chuck Wardell noted that Zimmer may find that "relenquishing control is a challenge."

“It’s a tough situation for the owner, the CEO and the board, but also for the senior staff, who may be torn between their mentor and CEO,” Wardell said. “But even more critical, it can be disruptive for the business itself.”

Read the full article here.

Read more about Chuck here.



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