FOUNDER-CEO SUCCESSION AT WILY TECHNOLOGY PDF

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Should he fight to remain CEO? For us, most of Cirnes actions were very beneficial to the company although some decisions could have been better, thus overall good performance. Clues from the article Resistance to or rejection of board input? Right timing and Lack of structure and no rush focus in the beginning. Consider internal and Considered only one final external sources candidate. Pursue a cultural fit to Acts of unprofessionalism ensure productivity when selecting CEO.

A change in leadership 1 Need of a different leadership to grow the company further into the lifecycle and to challenge the executives. Lack of chairman skills 3 Lew lacked experience to make bigger moves as compared to Williams.

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Founder-CEO Succession at Wily Technology

While considering Williams' incredible demand, Cirne reflects on everything he has already given up to get Wily Technology to this point. He also agreed to give Williams roughly as much equity as he himself owned and far more in salary. As the founder, CEO, and chairman of Wily Technology, Cirne had worked hard to build the skills necessary to lead his start-up. He had developed Wily's early technology single-handedly, had hired 50 employees to help him build his company, and had successfully spearheaded a strategic transformation of his company. He had led Wily to the point where several important customers bought its flagship product and had successfully raised two rounds of financing from top investors. Cirne wonders what he could have done to be pushed to the side like this. What should he do now?

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Founder-CEO Succession at Wily Technology

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While considering Williams' incredible demand, Cirne reflects on everything he has already given up to get Wily Technology to this point. He also agreed to give Williams roughly as much equity as he himself owned and far more in salary. As the founder, CEO, and chairman of Wily Technology, Cirne had worked hard to build the skills necessary to lead his start-up. He had developed Wily's early technology single-handedly, had hired 50 employees to help him build his company, and had successfully spearheaded a strategic transformation of his company.

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