Psychological Succession: Navigating Leadership Transition

In this video, Rob Lachenauer, Partner at BanyanGlobal Family Business Advisors, shares his personal experience with leadership transition and introduces the concept of “psychological succession.” Drawing from his 12-year tenure, Rob explores the challenges of letting go and the importance of redefining what matters most in the later stages of your career. He discusses the “high impact zone”—that critical period where time is limited but potential influence is greatest—and offers practical guidance on how to maintain relevance by asking yourself: “Who are my most important customers now, and what jobs do they need from me?” This reflection is essential viewing for business leaders, family enterprise advisors, and anyone navigating generational transition.