Succeeding at CEO Succession
Nov 29, 2022The number of FTSE350 CEOs leaving their roles in 2022 has increased by over 160% compared to 2021 and CEO succession is firmly back on the board agenda. Over the last year there’s been a significant increase in the number of CEOs leaving UK PLCs. The combination of boards requiring a different type of leader for their post-pandemic business, alongside leaders deciding they wish to pursue alternative career options, means that succession planning has risen up the list of priorities for Chairs and CHROs. Shareholder, financial and operational pressures are no doubt leading to change in boardrooms, but so too is executive burnout and, for many, the decision that family and personal wellbeing is more important than holding on to a marquee job.
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