305. Prudential’s Charles Lowrey on finishing strong as CEO

Description

For CEOs, the first 100 days often get the most attention. But the final chapter of a CEO’s tenure can be just as consequential. In this episode, senior partner Carolyn Dewar speaks with Charles Lowrey, former executive chairman and CEO of Prudential Financial, about what it takes to finish strong and manage a successful leadership transition. Lowrey reflects on his unexpected path to the CEO role, the lessons he learned while leading through the pandemic, and why he began discussing succession with the board before officially taking the job. He explains how Prudential developed internal candidates, planned the handover in detail, and worked to make the market’s reaction to the transition “a huge yawn.” The conversation also explores the personal side of stepping away: preparing for life after the CEO role, avoiding the temptation to remain too involved, and finding new ways to contribute. For current and aspiring CEOs, Lowrey offers practical guidance on legacy, succession, and the discipline required to lead until the very end. Related insights A CEO For All Seasons: Mastering the Cycles of Leadership CEO Excellence: The Six Mindsets That Distinguish the Best Leaders from the Rest The Strategic CEO LinkedIn newsletter Sending it forward: Successfully transitioning out of the CEO roleSupport the show: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/See www.mckinsey.com/privacy-policy for privacy information