Richard Baker, one of the youngest chairmen in the FTSE 100 shared his experiences and the challenges he faced in change of course plangent off the fortunes of the Boots Group in four years as its CEO.
Today, Chairman of Whitbread, DFS and Virgin Active, he too chairs the Global Advisory Council of Aimia Group - owners of Nectar Card and is Senior Operating Partner at the secret equity strong, Advent International.
In an interview for Cambridge Judge Business School’s website Richard Baker aforementioned he does not believe that the roles of chairman and CEO can be conjunct.
it’s in general a bad thought for a chief executive to turn out to be the chairman. I feel
in that location
ought to be two several jobs simply given that on that point
are two freestanding jobs to be accomplished
. When a arch executive becomes a chairman they will not allow points to be varied due to the fact
thing that changes later on
is by definition is a criticism of what they did antecedently
so it is a good deal healthier to got
an undiluted chairman and a altogether detached cardinal executive. I believe that’s a heaven-sent-proven a posteriori.”
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