Take the Poll – If you were the newly hired Director of Global Credit, would you:

Newly hired executives often choose to fire existing team members and bring in people they have previously worked with for several reasons. Here are some of the key motivations behind why a new executive manager will remove the existing team.

  • Familiarity and Trust: Executives may feel more comfortable with former colleagues who understand their working style, priorities, and vision.
  • Cultural Fit: They might believe that their previous team aligns better with the desired culture and values they want to instill in the organization.
  • Proven Track Record: Previous collaborators have demonstrated their capabilities, which can reduce perceived risks associated with new hires.
  • Change Management: Bringing in a new team can signify a clear shift in direction or strategy, reinforcing the executive’s vision.

While bringing in a familiar team can provide immediate benefits in alignment and efficiency, it’s essential to balance this approach with a respect for existing talent and institutional knowledge. Executives need to carefully consider the implications for team dynamics, morale, and overall organizational culture.

Your thoughts and comments (nseiverd@cmiweb.com) are most welcome!

Nancy Seiverd, President

CMI Credit Mediators, Inc.      

All Rights Reserved

Image by freepik.com 

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