Wilkins Quoted in Agenda on Recent CEO Exits Stemming from Misconduct Allegations

Media Commentary

11.15.22

Stradling shareholder Ryan Wilkins was quoted in an Agenda article regarding the abrupt departure of Keurig Dr Pepper's former CEO Ozan Dokmecioglu following unspecified violations of the company's code of conduct, and the need for boards to be diligent when selecting a CEO even if the executive has been with the company for years prior. 

In the article, Wilkins stated that the vetting process doesn't have to be the same for internal and external candidates, stating that, "if somebody came in as a CFO, you might have done a significant amount of diligence. When they get elevated as CEO, do you need to go and do it again now that you’ve worked with that person for several years? I don’t think you have to." Wilkins also noted that "at the end of the day, running a diligence process through an outside advisor only gives you so much information. You probably know more about that person having worked with them for several years and seeing them in action than what you would get from a diligence board.”