When Paul Lightfoot was asked to become the chief executive officer of BrightFarms Inc — a New York-based greenhouse designer and operator — the business consultant wasn’t sure if he should accept the offer.
Lightfood had been advising BrightHouse on a new business direction for about nine months, and had considered joining permanently. But the 43-year-old former lawyer and software executive expected to come in as an advisor, not the boss. Complicating matters, founder and then-CEO, Ted Caplow didn’t have plans to exit — he planned to stick around as chairman.
That meant Caplow would head the powerful board of directors, and have a say in company strategy.
See full Article: http://www.bbc.com/capital/story/20130716-beware-the-ceo-turned-chairman
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