20 December 2014

A Thoughtful Transition

With all the abrupt departures, scandals, and founders with hurt feelings, it's nice every once in a while to identify a transition that seems to be well thought out and working.  Earlier this month, XO Group, Inc. announced the completion of a multi-year transition of its two founders, the husband and wife team of David Liu and Carley Roney, while Mike Stein, who joined the company a year and a half ago will remain President & CEO.  According to the company's own press release Liu, who will remain as Chairman of the Board stated: "Two years ago, the Board and I began to execute on a thoughtful, public, and methodical plan to implement a seamless executive transition, and today marks the final step."

This runway for the new CEO with the founders in place seems to have been just the prescription for XO which has continued its growth path despite a more than 2% drop in its stock price at the announcement earlier this week.


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