HR leaders are a critical part of developing future CEOs—here’s what they need to know to do it right

Fortune12-18

Good morning! Fortune reporter Natalie McCormick here, filling in for Brit Morse. CEOs aren't born, they're bred. Take PepsiCo, a leading incubator of CEO talent within the Fortune 500. By 2022, 16 of...

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Take PepsiCo, a leading incubator of CEO talent within the Fortune 500. By 2022, 16 of...</p>\n\n<a href=\"https://finance.yahoo.com/news/hr-leaders-critical-part-developing-132530178.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0098860793.USD","symbol_name":"FRANKLIN INCOME \"A\" INC","start_time":0,"source_url":"https://finance.yahoo.com/news/hr-leaders-critical-part-developing-132530178.html","article_id":"2492133779","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/hJOv7ypKyYaVMOd16EAUXw--~B/aD0xMzY1O3c9MjA0ODthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/fortune_175/3329b692a635aa1c0b816c9828f5614b"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492133779","pubTimestamp":1734528330,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"CEOs aren't born, they're bred. 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Rick Western, CEO of Kotter, warns that high-potential employees who are too narrowly focused before reaching the highest ranks can possess significant blind spots, as individuals may overestimate their expertise in one domain while remaining resistant to new con","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4177":"软饮料","HR":"医疗保健房地产信托","BK4203":"医疗保健房地产投资信托","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","BK4566":"资本集团","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","IE00B3T34201.USD":"BNY MELLON GLOBAL EQUITY INCOME \"B\" (USD) INC","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","BK4581":"高盛持仓","BK4504":"桥水持仓","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","LU1929549753.HKD":"FRANKLIN INCOME \"A\" (HKD) INC","PEP":"百事可乐","BK4225":"医疗保健房地产信托"},"translate_title":"人力资源领导者是培养未来首席执行官的关键部分——以下是他们需要了解的才能做好这件事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HR":1,"PEP":0.9},"content_text":"Good morning!\nFortune reporter Natalie McCormick here, filling in for Brit Morse.\nCEOs aren't born, they're bred. Take PepsiCo, a leading incubator of CEO talent within the Fortune 500. By 2022, 16 of its alumni were at the helm of Fortune 500 companies, a testament to its robust leadership development efforts. \nMuch of this success can be credited to the company’s HR department, which runs extensive programs to identify and nurture high-potential leaders. HR teams play a pivotal role in developing the next generation of corporate leadership and can serve as strategic partners in succession planning, given that many CEO appointments are internal promotions. Done well, HR’s efforts to cultivate talent helps ensure that organizations are equipped with a bench of leaders who deeply understand the company’s culture, operations, and vision.\nThe importance of fostering future CEOs was highlighted this week with the release of Fortune’s inaugural Fortune Next to Lead: The 25 Most Powerful Rising Executives in the Fortune 500 list. It features promising executives poised to lead Fortune 500 companies, many of whom have held diverse roles and led impactful projects that accelerated their career growth.\nBuilding infrastructure to support experiential development should be a top priority for CHROs. According to German Herrera, U.S. managing partner at executive recruiting firm Egon Zehnder, nearly three-quarters of CEO appointments the firm facilitates are internal. “Bringing somebody from the outside directly into the CEO role is very traumatic. Unless there’s a big change, a big turnaround, or a significant issue, boards don’t want to take that risk,\" he explains. External candidates often lack a thorough understanding of the company’s needs, its products, internal relationships, and additional institutional knowledge that insiders possess, making internal promotions the preferred choice in most cases. \nJane Edison Stevenson, Korn Ferry’s global vice chair of board and CEO services, highlights the importance of horizontal moves for rising leaders early on in their careers so that they can gain a comprehensive understanding of the business. “Operating roles, financial roles, product roles—those kinds of roles that really give you fundamental understanding of the organization that you're leading, and then an overlay of people leadership,” she says. \nAt PepsiCo, the leadership development program emphasizes critical leadership skills, mentorship, and coaching from experienced executives. It also exposes participants to various roles and responsibilities within the organization. This approach fosters broad business experience, helping rising leaders avoid becoming overly specialized in a single area. Rick Western, CEO of Kotter, warns that high-potential employees who are too narrowly focused before reaching the highest ranks can possess significant blind spots, as individuals may overestimate their expertise in one domain while remaining resistant to new concepts. “You might not be open to listening to new ideas from that area because you're too vested in the fact that you have your own expertise that you've built up over years,” he says.\nNatalie McCormicknatalie.mccormick@fortune.com\nToday's edition was curated by Brit Morse.\nThis story was originally featured on Fortune.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492133779"}