- In today’s CEO Daily: Diane Brady talks with Cushman and Wakefield’s Michelle Mackay.
- Big story: Trump may or may not attempt a ceasefire in Iran.
- market: Easy to rest.
- Analysts pointed out From weakened USD, Macquarie on Iran and oil markets, and Oxford Economics of Business Sentiment
- add: All news and reservoir chat.
Good morning. Michelle Mackay of Cushman & Wakefield, Larry Culp of GE, Richard Dickson gapand Caroltomé ups All have something in common: They were appointed CEO after serving on the board of directors of the company they now operate. This transition from board to CEO becomes increasingly common for a variety of reasons, from the complexity of the business landscape to the desire to instill experienced leaders they know and trust. For Mackay, who retired on three public boards, ambitiously held the CEO position.
“The three years I spent on the board seat and spent more time on myself, which is probably the most important years of my career, is ironic because I’m not working full-time.” wealth Under this week’s leadership, the next podcast. “I really haven’t come back and rethink my path over the years.”
Her background in finance and real estate is attractive when incomes fall. When Cushman’s then-CEO John Forrester asked Mackay if she wanted to become the company’s chief financial officer, she said no, and agreed to a clear path to becoming a COO in 2020 and CEO in July 2023.
While tariffs, geopolitics and other issues continue to weigh on the prospects of global commercial real estate services, Mackay has led to the company’s growth again. Board service gives her a holistic view of not only the company but her career. Near record highs For much of the past, more leaders may find that the board pause period will inspire them to return to company leadership with fresh eyes and purposes. “Will one person be too involved? I don’t think so.” You can listen to the podcast here apple or Spotify. More news below.
Contact CEO every day through Diane Brady diane.brady@fortune.com
This story was originally fortune.com
