When a CEO leaves a company, there are certain processes in place to ensure smooth CEO succession. Ideally, the CEO will play an active role in selecting their successor, taking part in the interview and selection stages, before explaining clearly their responsibilities and specific concerns relating to that company.A CEO’s leaving, especially from a large, well-known company, is often reported on in the media. Consider the coverage of Jeff Bezos’s decision to step down as CEO of Amazon. As a result of this public coverage of the change in company leadership, there is often a ripple effect that reaches the stock market and impacts the company stock prices. Negative impact on the stock prices can arise from a hasty departure from the original CEO. This suggests to investors that the company or CEO may be trying to cover up something and that it doesn’t bode well for the company’s future, causing its stocks to take a hit. Investors will assess the new CEO to the best of their ability, which is why it is often in the interest of the company to publicise the decision with interviews, a biography of the new CEO, and statement of intentions for the company. Investors want to make sure the new CEO has a good reputation and trustworthy employment history.