Five Steps to Successful CEO Succession.

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Berkshire Hathaway's recent, highly public move to appoint two Internal executives to serve on the company's board as vice chairs--one of which will be CEO Warren Buffetts heir apparent--reminds us that process is important when it comes to CEO succession plans.

In 2017, over 1,000 U.S. CEOs exited their companies. Most of those departures didn't make headlines, but they did impact millions of workers, consumers, investors and other stakeholders.

That means succession planning should be a continuous process and an Integral part of a company's business strategy and...

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