Jackson Lucas Executives on Navigating Succession in the REIT C-Suite

Mike Moran and Audrey Symes of the organizational consulting firm Jackson Lucas join the REIT Report podcast to discuss c-suite succession and hiring in the REIT sector. They describe internal promotion as the dominant model, per the firm's most recent data, and discuss when and why REITs go outside for senior roles. The episode also covers differences in CFO hiring, accounting and audit complexity, technology leadership and AI, and how companies build a talent bench.

1. Internal succession remains the dominant model for REITs, supported by Jackson Lucas's recent data; boards favor candidates they already know, institutional knowledge and the motivational effect on employees.
2. The choice to promote internally often depends on how the company performed before the transition, with boards more inclined to continue current strategy when a company is thriving.
3. Outside hires are described as revealing what a company believes it needs from the market to move forward.
4. Chapters cover CFO hiring differences, accounting and audit complexity, technology leadership and AI, company-by-company variation and building the talent bench.