How Often Do Private Equity Firms Replace CEOs? | Joel Trammell, XpertLoop
A 30-year CEO explains why so many portfolio company leaders don't make it through the hold, and what it would take to give them a seasoned advisor at 2 a.m.
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Castro How often do private equity firms replace portfolio company CEOs? Joel Trammell, CEO at XpertLoop, explains why CEO turnover is one of the costliest problems in private equity and how XpertLoop pairs CEO training with AI that advises the CEO in real time.
About Joel Trammell: Joel Trammell is CEO of XpertLoop and the architect of ChatCEO. He spent more than 30 years as a CEO of private and public companies and developed the CEO Operating System (CEO-S), a structured framework now used by hundreds of enterprise CEOs.
Connect with Joel Trammell:
Website: https://xpertloop.ai/
LinkedIn: https://www.linkedin.com/in/joeltrammell/
Connect with host Joshua Wilson:
LinkedIn: https://www.linkedin.com/in/joshuabrucewilson/
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A One Iron Network production: Executive Producer Joshua Wilson
The PE Podcast is for informational and educational purposes only. Nothing discussed is investment, legal, tax, or financial advice, or an offer or solicitation to buy or sell any security or fund interest.
Topics: CEO turnover, portfolio company CEO, CEO retention, hold period, CEO Operating System, AI for CEOs
Disclaimer: Joshua Wilson is a licensed Florida real estate broker (BK3038350) and holds FINRA Series 79 and Series 63 licensure. The PE Podcast is produced by One Iron Network LLC for informational and educational purposes only. Nothing discussed constitutes investment advice, legal or tax advice, a solicitation, or a recommendation to buy or sell any security or to pursue or avoid any transaction. All views and opinions expressed by the host and guests are their own and do not necessarily reflect the positions of One Iron Network LLC, Smooth Stone Capital, any regulatory agency, or any employer. Any performance figures, valuations, or transaction terms discussed are historical, specific to the circumstances described, and are not indicative of future results. Listeners should consult their own legal, financial, and tax professionals before making any business, financial, or transaction decision.
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Joshua Wilson:
Joel, I'm so glad you came to The PE Podcast. In the world of private equity, why don't you tell us a little bit about who you are and what you do in the world of PE?
Joel Trammell:
Right, so I'm CEO of a company called xpertloop.ai. And what we do is focus on solving a huge problem in the PE world of CEO turnover and retention. And how do we make those CEOs successful? 50 to 70% of CEOs get replaced during a typical investment period for private equity. And that costs money. That it delays turnover the time you have to hold the investment, delays our returns on investment. And I've spent the last 20 years curating what I think is the best system in the world for being CEO at scale. And we train people on that through a set of classes. We have AI that can sit right next to the CEO. And just like you had me sitting next to you with my 30 years of CEO experience and answer that question at 2 a.m. in the morning that you're struggling with, it can give you my perspective. It can give you the perspective of the great thinkers like Deming and Drucker on business, and really provide a unique capability that hasn't existed until very recently in the world.
CEO, XpertLoop | Creator of the CEO Operating System
Joel Trammell is CEO of XpertLoop and the architect of ChatCEO. He spent more than 30 years as a CEO of private and public companies, including multiple nine-figure exits. He is the author of two books on the CEO role and the developer of the CEO Operating System (CEO-S), a structured framework now used by hundreds of enterprise CEOs. His writing has appeared in Forbes, Entrepreneur, Inc., and Fast Company.