Majority of new CEOs are 'insiders': study
A vast majority, or 70 per cent, of CEO turnovers at the world’s largest 2,500 public companies in 2013 were planned events, as opposed to forced turnovers or the result of mergers, according to a new study.
About 76 per cent of incoming CEOs were ‘insiders’ who were promoted from within the company, said the newly released 2013 Chief Executive Study from Strategy & (formerly Booz & Company). “The high proportion of planned turnovers is a strong signal that companies are continuing to take an active, considered approach to putting in place new leadership,” said Gary L Neilson, senior partner at Strategy & and co-author of the 14th annual global Chief Executive Study.
Read the Financial Express news report here.