Monday, November 24, 2014
When a successful CEO suddenly steps down without explanation, the first question from everyone's is "Why?" The United Technologies CEO just quit this way and the former CFO has taken his position. It was a surprise move, and the former CEO is still young at age 57. The PR practitioner at UT is fielding calls internally and externally asking what happened? It must be difficult if the practitioner knows the reason not to be able to give it. Absent the facts, the sudden departure invites wild speculation, some benign, some not. Eventually the reason might come out, but until then it is anyone's guess as to why he left. It is not the optimum way to practice PR, but the former CEO does have a right to privacy.