CEO Turnover Increases with Boards Preferring Experienced Insiders
CEO turnover in the S&P 500 has increased, with 41% of new CEOs having prior public company experience, up from 25% in the previous year. Boards are favoring experienced insiders who can quickly lead transformations, according to Russell Reynolds' Global CEO Turnover Index. This trend reflects a global shift toward faster leadership transitions.
Topics: CEO turnover corporate governance executive hiring leadership changes S&P 500