Spencer Stuart: 2020 Q2 CEO Transitions
Spencer Stuart tracked CEO transitions among S&P 500 companies on a quarterly and annual basis. For the purposes of this analysis, a CEO transition is defined as the replacement of an outgoing CEO with a permanent CEO. The data set includes: names of incoming and outgoing CEOs; the reason for the departure of the former CEO, as reported by the company; the estimated ages of both the outgoing and incoming CEOs; and whether the new CEO was promoted from within or hired externally.
Some insights from the report:
- The first half of 2020 has seen the highest number of CEO transitions since we started tracking this data on a quarterly basis in 2015.
- The average age of the new CEOs is 55, and the average age of the departing CEOs is 62.
- Four of the 17 new CEOs were also named chair of the board upon appointment.