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Chief executive officer (CEO) turnover among consumer packaged goods (CPG) companies in 2013 was the highest it has been in the last decade and higher than the global cross-industry average. The recent exit of the CEO at Coty and at Luxottica as well as challenges with CEO succession and the return of A.G. Lafley at Procter & Gamble (P&G) highlight the need for a clear CEO succession plan to mitigate the risk of unplanned, or even planned, CEO departures.