In 2013 Herrmann Arnold (at that time CEO and shareholder of Haufe-umantis AG) voluntarily stepped down as a CEO and appointed a former intern for the CEO position, because he was convinced that he wasn‘t the right person to continue the next growth stage of his company. Many would view this as a colossal failure. Why the exact opposite is true, is something we discuss at length in this episode.

In this episode we will answer some of the following questions:

• Why my guest voluntarily stepped down as a CEO in order to give a former intern his position
• How his successor and customers reacted to this decision
• How a manager recognizes the point where he or she is not the right person anymore to continue to lead the company
• What it felt like coming back to the company and working under the new CEO
• How he handled the conflict of his successor implementing his ideas with success
• Why more companies should think about limiting the terms of their CEOs
• What he learned from letting his employees vote for managers and why he believes this might not be the solution for the future

Show Notes, Transcription, & Resources Mentioned: gammabeyond.com/en/podcast/011

Podcast Website: www.innovationalcorrectness.com

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