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Debunking the Myth of the Fast and Successful Succession Plan
By Suzanne Bates and Sarah Woods
Guidance for creating a strong CEO succession plan prior to a departure.
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Private Company Director of the Year
02/20/2024
With a focus on working to make it “her business to understand our business, our vision for the future, and our values,” as Carrie Freeman Parsons, chair of the board of directors at Freeman Co., described in her nomination letter, Renée J. Hornbaker’s personal commitment to the boards she serves on guides the way she offers advice and plans for the future. She is a director and audit committee chair of Berry Corp., holding both positions since January 2021; in March 2024, she will become the chair of the board. Hornbaker is also a board member of Ausenco, CLEAResult Consulting, Eastman Chemical Co., Freeman Co., and Global Advanced Metals. She has varied C-suite experience, including as CEO and founder of Storey and Gates, a consulting firm that provides business advisory services including executive coaching and board governance training. She served as executive vice president and chief financial officer (CFO) of Stream Energy, a retail energy company, from 2011 to 2017; she is now cochair of the board...
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