Rate of global CEO turnover has plateaued

July 2007
Corporate Board;Jul/Aug2007, Vol. 28 Issue 165, p27
Trade Publication
The article offers information on the result of the sixth annual survey by Booz Allen Hamilton Inc. related to chief executive officer (CEO) turnover. It was found that corporate boards have replaced underperforming CEOs quickly, as they focus more on grooming in-house leaders. It is stated that in 1995 to 2006, annual CEO turnover has grown 59%, and performance-related turnover has increased by 318%. Meanwhile, in 2006, 20% of all CEO departures are related to mergers and acquisitions.


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