(This episode mentions suicide.)
Evgeny Shadchnev speaks with Adam Fudakowski, founding CEO of Switchee. Adam recounts the journey of founding Switchee in 2015, the tragic loss of his co-founder Ian, and the decision to hire an external CEO, Tom Robins, in 2020.
Adam elaborates on the emotional challenges of the CEO transition, and the deep impact on the company's growth. He shares insights on the importance of self-awareness, effective communication, and the sabbatical that paved the way for a successful leadership handover.
00:00 Introduction
02:20 Founding story of Switchee
03:57 Death of Adam's co-founder Ian
10:34 Search for the new CEO
15:17 CEO Transition process
18:39 Building a relationship between the founder and the CEO
20:18 Impact on the senior team
22:32 Impact on the business
23:39 Founder and CEO skill sets
26:46 Conversation with the board
29:15 Not stepping on each other's toes
32:00 Three month sabbatical
34:53 Advice for founders
38:33 Advice for investors
39:57 Advice for incoming CEOs
41:15 Adam's role after stepping down
44:47 Summary
You can watch the episode on YouTube. Find out more about Evgeny's work on Substack.Startup CEO Succession: a Founder's Guide to Leadership Transition is available on Amazon US, Amazon UK and others.
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