This is interesting. We've certainly been involved in many projects where VC investors have instigated a change of CEO or other executives. Sometimes with the blessing and acceptance of the person (typically a founder) being moved aside, or out of the organisation. Sometimes that move is less welcome, or resisted, but it happens anyway. Investors win.  

I've seen for myself that where we have helped hire new, outside CEO's and leaders, that company has gone on to grow and become more stable. With that in mind it wasn't a surprise to read this article, but interesting to see the data supporting replacement of CEO's and executives in Private Equity funded companies. This may be uncomfortable reading if you are a founder with, or seeking investment, but such are the realities of taking someone else's money.  

It seems like whilst an inside succession brings benefits, a fresh outlook from a new hire trumps that in growth. Or so this data suggests.

What are your thoughts?

David