Thursday, August 28, 2008

Shedding a tear as John Allison plans to step down at BB&T.

I caught up with the news last night that John Allison has announced plans to retire as CEO on December 31. He will continue as chairman of the BB&T board until December 31, 2009.

The board has voted to elevate Kelly King from the COO slot to take over for John. No surprise there, as Kelly has been part of the team for his entire career. But speaking as someone who's spent time with both men discussing their brand vision and management goals, I'm saddened by this news. John is a rare and admirable person. And while Kelly is, I'm sure, capable of the job at hand, a large piece of the bank's and the brand's heart will inevitably be lost. You may not see it immediately, perhaps not for a few years, but the shift will become evident over time.


Betsey said...

Don't know if you had a chance to watch John A. Allison's video, "Leadership and Values."

Scott Crawford said...

Hi. Thanks for the link. Good find. hadn't seen this talk, but the content is familiar and consistent. Like the fellow himself.