CEOs of Major Companies Are Being Replaced at a Record Pace — Here’s the Reason Why
One CEO in nine was replaced last year, while CFO turnover hit a seven-year high.
Warning to executives: Don’t get too comfortable in your corner office. was replaced last year, the highest rate since the financial crisis, and hit a seven-year high, according to new data from Russell Reynolds Associates.
The replacements are younger and greener. More than 80% of the 168 incoming CEOs were first-timers with no prior experience running public companies. Two-thirds have never served on a corporate board. Some companies that brought in new CEOs this year include Walmart, Procter & Gamble, Disney, PayPal, and HP.
What’s driving the shift? AI disruption, unraveling trade practices, and an unsettled economy are forcing boards to rethink leadership. But there’s also burnout. Retirements accounted for 60% of CFO departures, with many veterans opting for board work or advisory roles over grueling schedules.
Sign up for the Â鶹Éç Daily newsletter to get the news and resources you need to know today to help you run your business better.
Warning to executives: Don’t get too comfortable in your corner office. was replaced last year, the highest rate since the financial crisis, and hit a seven-year high, according to new data from Russell Reynolds Associates.
The replacements are younger and greener. More than 80% of the 168 incoming CEOs were first-timers with no prior experience running public companies. Two-thirds have never served on a corporate board. Some companies that brought in new CEOs this year include Walmart, Procter & Gamble, Disney, PayPal, and HP.
What’s driving the shift? AI disruption, unraveling trade practices, and an unsettled economy are forcing boards to rethink leadership. But there’s also burnout. Retirements accounted for 60% of CFO departures, with many veterans opting for board work or advisory roles over grueling schedules.
Sign up for the Â鶹Éç Daily newsletter to get the news and resources you need to know today to help you run your business better.
