Objectives: To ensure the proper replacement and the continuity of effective leadership in all the management positions in the institute, effective succession planning should be implemented. The aim of the study was to assess the perception of the managers at various managerial positions regarding the succession planning implementation at their academic institution. Methods: Using a mixed research method, this descriptive, cross-sectional research was carried out at a private medical college in the eastern region of Saudi Arabia taking a convenient sample of 61 employees holding different managerial positions. An electronic, self-administered questionnaire was developed by the researchers and filled up by the participants including close-ended and some open-ended questions to assess the perception of succession planning implementation, its facilitators, and possible obstacles. Results: most of the participants revealed that the current managerial position is their first managerial position and that they had one to five years of experience. Most participants preferred to have a structural succession planning program with a mentor before moving to any future managerial position. Multitasking, followed by miscommunication were the main obstacles to succession planning. However, having previous managerial experience, and having friendly and cooperative teamwork were among the main facilitators of the managerial duties and responsibilities. Conclusion: Educational institutions generally need to develop effective succession planning for managers by designing a structural successional planning program. The greatest proportion of the participants reported that the optimal succession plan is supposed to be 4 to 6 months.