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Global CEO Turnover spiked in Q1 2024 – with only 5 women appointed, it’s estimated to take 88 years to achieve global Gender Parity!

By | Nicolas BEHBAHANI | Global People Analytics Leader @ Future of Work | Leading Global HR Analytics, Driving Business Growth

📣 68 CEOs were appointed and 52 CEOs departed the role, the highest Q1 totals since 2018 and 2020 respectively.

🚫 Failed CEO appointments – those lasting less than two years – accounted for 15.1% of outgoing CEOs.

📉 Women remain largely underrepresented in the CEO role across the world and in 2023, 88% of 180 CEO appointments were first-time CEOs.

Women CEOs are more than twice as likely (24.1%) to leave their roles within two years of appointment, and are four times more likely to last less than 12 months in the CEO role than men, according to a new interesting research published by Russell Reynolds Associates using data 📊 from companies in S&P500, ASX200, FTSE 100,….

✅What is CEO Turnover?

Researchers defined CEO turnover as the rate at which CEOs depart and are hired from their roles. It can be a helpful indicator of wider trends, including economic health and businesses’ risk appetites.

✅High CEO Turnover is a high risk for business

Percentage of incoming CEOs by apppointment

High CEO turnover is reflective of companies’ growing risk appetites and search for leaders who can navigate increasing complexity in the macro business environment, including tech transformation, sustainability, geopolitical crises, and social issues.

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