Transitioning from one leader to the next can be a tumultuous and risky time for any company as well as the new leader. The performance of the new CEO in the initial months is critical to her or his long-term success.
The good news is that most CEOs are given a pass in the first six months by investors as they adjust to their new role.
The bad news? After that, investors want results.

Whether transitions are planned or unplanned, it’s clear that leadership change affects the enterprise value of a company. The study determined that whether or not the effect is positive or negative depends largely on measures taken by CEOs in the months following the change… …