"Warning to executives: Don't get too comfortable in your corner office. Nearly one in nine CEOs was replaced last year, the highest rate since the financial crisis, and CFO turnover 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."
Nearly one in nine CEOs was replaced last year, the highest rate since the financial crisis, while CFO turnover reached a seven-year high. Incoming CEOs skew younger and less experienced: more than 80% of 168 new CEOs were first-time public-company leaders, and two-thirds had never served on a corporate board. Companies bringing in new CEOs included Walmart, Procter & Gamble, Disney, PayPal, and HP. Boards are rethinking leadership in response to AI disruption, unraveling trade practices, and economic uncertainty. Retirements accounted for 60% of CFO departures, with many veterans choosing board or advisory roles over demanding CFO schedules.
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