Search
 

Suddenly

Last week United Airlines CEO Oscar Munoz suffered a heart attack and was placed on medical leave just five weeks after he was appointed to the Company's highest office, replacing his predecessor who stepped down over a federal investigation.

By Anthony LoPinto | Updated on October 27, 2015

Last week United Airlines CEO Oscar Munoz suffered a heart attack and was placed on medical leave just five weeks after he was appointed to the Company’s highest office, replacing his predecessor who stepped down over a federal investigation. On no one’s list of succession was the General Counsel, who was suddenly, and surprisingly named interim CEO with Munoz on the sidelines.

United’s experience is a bit extreme, but who knows how fate will turn events and create a succession issue. Most companies are ill prepared for the sudden departure of a CEO or other senior executive. More often than not, succession planning is an afterthought, or not even considered with executives viewing the process as a threat to their role with someone designated as “in line” to take the helm.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.