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The Leadership Gap: Why Companies Struggle to Retain Top Executives
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
December 21, 2022: -Retired Prime Minister Kevin Rudd has been appointing Australia’s next ambassador to the U.S. when different countries are deepening security cooperation with a rising China.
Prime Minister Anthony Albanese, known as Rudd, is one of the world’s most sought-after experts on China. He added that he would bring significant knowledge to the role when strategic competition reshaped the region.
“Kevin Rudd is an outstands appointment,” said Albanese at a news conference ahead of Foreign Minister Penny Wong’s state visit to China.
“He brings a tremendous deal of credit to Australia agreeing to take up this position as a former prime minister and foreign minister.”
Rudd speaks fluent Mandarin and has written and spoken widely on foreign relations with China after he quit politics in 2013. In September, he completed an Oxford doctorate on the world view of the president, Xi Jinping, and heads the international relations institute, the Asia Society in New York.
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Albanese added that the appointment of Rudd, which follows the September appointment of retired foreign minister Stephen Smith to the U.K. ambassadorship, reflects the importance of the AUKUS nuclear submarine security deal with the U.S. and the U.K.
“It is no accident engaging in AUKUS and that those require significant diplomatic proficiency of the political structures in place,” said Albanese.
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
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