Filling the void: the underlying processes of CEO post-retirement role identity reformation

Abstract

Purpose: Following identity theory from a symbolic-interactionist perspective, we explore the post-retirement role identity reformation of public company CEOs to uncover the process elements through which role identities reform after retirement from highly salient roles. Design/methodology/approach: We applied a self-relevant qualitative exploration based on 30 in-depth interviews and employed an interpretative phenomenological analysis. Findings: The findings reveal six interrelated, contemporaneous and contiguous underlying process elements within post-retirement liminality and emergence clusters, which shape work and nonwork role identities that contribute to retirement stability and well-being. Practical implications: The research provides a basis for organizations and human resource specialists to guide retiring senior executives on the psychological effects, cognitive processes and practical considerations of the retirement transition. Originality/value: The study provides a framework for understanding how the post-retirement void evokes novel appraisals of self, others and context. These appraisals act as stimuli of an integrated cognitive, social and behavioral work role identity reformation process.