Risk Management in CEO Succession Planning
Among the many risks facing boards today, the greatest could be a timely and effective CEO succession plan. This program will delve into this topic by discussin the following questions: How do boards reduce the odds of a wrong decision in succession planning? Are risks in selecting a CEO directly from outside greater than promoting a candidate from within? Can sitting CEO’s be objective and effective in developing and recommending successors? Are CHRO’s given the latitude and authority to work with the board in meaningful ways on succession planning?
Location and Time
The Chicago Club
81 E. Van Buren Street
Chicago, IL 60605
7:30 - 7:45 a.m. Registration
7:45 - 9:00 a.m. Breakfast/Program
9:00 - 9:30 a.m. Networking
Panelist: Andrew McKenna is the Chairman of the Board of Directors of McDonald’s Corporation, Oak Brook, Illinois. McDonald’s is the world’s leading food service retailer with nearly 33,500 restaurants in 119 countries serving 68 million customers each day.
Mr. McKenna is also the Chairman of Schwarz Supply Source, Morton Grove, Illinois. Schwarz Supply Source is a global provider of distribution and logistics programs with facilities throughout the United States, Canada, Japan and the United Kingdom.
He is a director of the Chicago Bears Football Club, Inc., McDonald’s Corporation Ryan Specialty Group and Skyline Corporation. He acted as Chairman of the Chicago White Sox during his group’s ownership of that organization from 1975-1981. He also served as Chairman of the Board of the Chicago Cubs, upon purchase of that entity by Tribune Company, from August 1981 through December of 1984. He served as Chairman of the Board of Trustees of the University of Notre Dame from 1992 - 2000 and was Vice Chairman for six years prior to that and continues to serve as a trustee. McKenna has served over the years on many civic, community and philanthropic boards. He is a past chairman of the Board of Trustees of the Museum of Science and Industry and continues to serve as a trustee. He is a past Chairman of the Economic Club of Chicago and also past chairman of The Executives’ Club of Chicago. He is a director of Chicago Metropolis 2020, Lurie Children's Hospital of Chicago, the Big Shoulders Fund, The Ireland Economic Advisory Board, the Lyric Opera of Chicago, Renaissance School Fund and the United Way of Metropolitan Chicago among others. He is a past Chairman of the Civic Committee of The Commercial Club of Chicago, and is a past Chairman of The Commercial Club of Chicago and continues to serve as a member of both entities. In addition, he is the Founding Chairman of Chicago Metropolis 2020. His former corporate directorships include: AON Corporation (1970-2012); First Chicago NBD (1991-1999), Dean Foods (1982-2000), Tribune Company (1982-2002) and Click Commerce (2000-2006).
He is a graduate of the University of Notre Dame with a bachelor of science degree in business administration and marketing. McKenna is also a graduate of DePaul University Law School where he received a Doctor of Jurisprudence.
Panelist Marc A. Howze is Vice President, Global Human Resources, at Deere & Company, a position he has held since October 2012.
Howze joined Deere & Company in 2001 as an attorney. He later served as senior attorney, senior counsel, and Manager, Business Development, Consumer Equipment Division. Howze was elected Corporate Secretary and Associate General Counsel, Deere & Company, in 2006. In 2008, Howze was assigned to Deere's agricultural marketing group as marketing integration manager. In 2009, he was appointed Factory Manager, John Deere Turf Care, Fuquay-Varina, North Carolina, and was later Global Director, Cotton Harvesting Product Line.
Prior to joining John Deere, Howze served in the U.S. Army as an artillery officer and in various capacities as a judge advocate.
A native of Detroit, Michigan, Howze earned a bachelor's degree from the University of Michigan-Dearborn, a juris doctor from the University of Michigan Law School, and an MBA from the Fuqua School of Business at Duke University. He is a member of the Illinois and Michigan Bar associations, Executive Leadership Council and on the Board of Directors for Thurgood Marshall College Fund.
Panelist Alex Molinaroli is chairman, president and chief executive officer of Johnson Controls. He joined the company in 1983 and prior to his current position, he served as president of the Power Solutions business, a role he held from 2007-2013. Molinaroli was elected a corporate officer in 2004 and held positions of increasing levels of responsibility in a wide range of areas within the Building Efficiency business.
Molinaroli earned a Bachelor of Science in computer and electrical engineering from the University of South Carolina and a Master of Business Administration from the Kellogg School of Management at Northwestern University.
He serves on the Board of Regents for the Milwaukee School of Engineering and is a Board member of Interstate Batteries. He is a founding member of the Electrification Coalition.
Moderator: Fred Steingraber is Chairman Emeritus of A.T. Kearney. After joining A.T. Kearney in 1964, Mr. Steingraber rose from Associate to Chief Executive Officer (1983), and to chairman and chief executive officer position in 1985. Mr. Steingraber has been a director of Maytag Corporation, Southeastern Thrift and Bank Fund, Mercury Finance, Lawter International, Chicago Stock Exchange, Continental AG (Germany), John Hancock Financial Trends Fund, Elkay Manufacturing, 3i Group PLC (U.K.), Diamond Hill Financial Trends Fund, River North Capital Management, and Board Advisors. In addition, he has served on the following Advisory Boards: Bank of America, Global Business Policy Council (Chairman), Industrial Investment Council (Germany), iMetanoia (India), and Talent Intelligence.
Mr. Steingraber’s not-for-profit board service includes: President of the Village of Kenilworth and Chairman of the Board of Trustees; The American Council for Germany, Beta Gamma Sigma National Scholastic Honorary, Better Business Bureau, Chicago Council on Global Affairs, Children’s Memorial Hospital, The Conference Board, Economic Club of Chicago, Executives Club of Chicago (Chairman), Illinois Alliance for Economic Initiatives (Chairman), Illinois State Chamber of Commerce, Indiana University Foundation, Indiana University Kelley School of Business (Chairman), Mid-America Committee, The National Association of Corporate Directors; Director of Chicago Chapter, the National Association of Manufacturers, Northwestern Healthcare Network, University of Chicago Booth School of Business, Village of Kenilworth (President and Chairman of the Board of Trustees).
Board committee service includes: Audit, Compensation, Governance, Nominating, Finance, Planning, and Executive Committee, including chair responsibilities.