Founder-CEO Succession: The Russian Paradox

After two decades of transformational change in Russia's economy, the next big challenge for business is to master the art of founder-CEO succession. The paper reveals the specific and frequently unusual-conditions in which succession takes place in Russia in an effort to further understanding of the country's succession dynamics. Founder succession is a critical event both for the firm and the individual. It has received some attention in management research over the last 20 years.