Wexford Systems is a reputed management consulting firm based in the US specifically in Waldwick, NJ which offers risk management solutions and an integrated approach to industry, private and public sector organizations. Over the years, the practice of succession planning has evolved in its goals and practices. It was initially designed as an emergency CEO-replacement strategy and found potential candidates in the top ranks of internal leadership or on the Board or externally. Succession planning has now grown into a future-oriented strategy to ensure business continuity over multiple leadership positions. The need for qualified business executives to fill these positions has spawned the development of an internal pipeline of qualified candidates to move into them in a timely way.