Now read this from today’s NR
"We are extremely pleased to have Suresh join the company as our chief executive officer. He has the unique skill set of product and device development and a deep understanding of the physics involved in the process. We have been looking for over one year for the perfect permanent chief executive officer and I believe we have found that person. He brings tremendous leadership and foundry industry development and strategy experience. This is a critical milestone in the company's succession plan as we continue our lab-to-fab transition," noted Peter Copetti, executive co-chairman of the company.
Succession planningis a process for identifying and developinginternal peoplewith the potential to fill key business leadership positions in thecompany. Succession planning increases the availability of experienced and capable employees that are prepared to assume these roles as they become available. Taken narrowly, "replacement planning" for key roles is the heart of succession planning. Effective succession or talent-poolmanagementconcerns itself with building a series of feeder groups up and down the entire leadership pipeline or progression (Charan, Drotter, Noel, 2001).
People have made reference to Geoff Taylor’s age and the fact that he will not be around forever. I think he will be around for a long time and will bask in the glory of the vision he had for POET that began in the early days at Bell Labs. But recognize that very quickly his baby is being nurtured by some of the best minds in the industry now and before too long there will be an army of engineers that stay up at night figuring out complex ways of squeezing the best that POET has to offer. The revolution is about to begin.
