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- W50865557 abstract "If you heard the story once, you've heard it at least a dozen times that approximately 30 percent of the electric cooperative CEO's are eligible to retire over the next 5 years. In reality, however, that number is understated. A recent analysis of NRECA's RS Pension statistics revealed that 40 percent of the presently employed distribution and G&T system CEO's will, in fact, qualify for retirement by the end of 2008. By the end of 2010, that number rises to over 50 percent. The key word here, of course, is eligible. While the actual number that will choose to exercise this option cannot be known, it is self-evident that the industry faces a major leadership transition and we are challenged to address it. PUTTING THIS CHALLENGE IN PERSPECTIVE: A BRIEF HISTORY It is important to note that this transition is not without precedent. At his keynote address at the 62nd Annual Meeting of the Dairyland Power Cooperative last year, Martin Lowery drew attention to the fact that we are approaching the end of the third generation in the electric cooperative movement. He noted that during the first third of the twentieth century, visionaries such as Theodore Roosevelt, Pennsylvania Governor Gifford Pinchot, and senators Robert LaFollette and George Norris established the philosophical foundation for this program by focusing attention on rural electrification and public ownership of electric utilities. From the early 1930's to the late 1960's, giants, such as Franklin Roosevelt, Morris Cooke, and David Lillienthal built the framework for it, by establishing the TVA and the REA. Leaders such as Clyde Ellis and J. K. Smith along with the early managers in this program articulated that framework and, in the closing years, established the Cooperative Finance Corporation and defeated President Nixon's attempt to eliminate the REA. In the final third of this century, leaders such as you have presided over the growth and sophistication of this industry, the advancement of the electric cooperative network, the defeat of numerous hostile takeover attempts, and the creation of Touchstone Energy. As we look forward to the coming decade, we find ourselves on the cusp of yet another transition, transferring the responsibility for this program to a new generation of leaders. They will be the ones that will guide us through the first third of the 21st century--building upon that which many of you and the founders of this program have established, and maintaining the right of consumers to independence and local control. As such, we will be challenged to recruit the best and develop them to assume these responsibilities. DEFINING THE QUALITIES OF SUPERIOR LEADERSHIP Taking on this challenge is no small task. Recruiting and developing the best requires us to understand the qualities and characteristics that will define superior leadership for this next generation. Over the past 9 months, the NRECA has been working to answer that question by partnering with the Hay Group to develop a for electric cooperative CEO's. A competency model is simply a comprehensive description of the key behaviors that lead to success in a given job and distinguish the outstanding performers from the good ones. Defining these behaviors and characteristics is essential, because they will serve as the cornerstone for any leadership development initiative or enhanced selection process that the cooperatives may use. The Hay Group has been an excellent choice for this task. Working internationally, it has dedicated itself to studying and developing executive leadership for the past 40 years. It has one of the most extensive leadership databases in the world, with information from thousands of individuals and hundreds of organizations. It is also recognized as one of the foremost consulting firms in the field of leadership development, and is responsible for conducting the research that Fortune Magazine uses to determine its list of the world's most admired companies. …" @default.
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- W50865557 date "2004-06-22" @default.
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- W50865557 title "Defining Superior Leadership for the Next Generation" @default.
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