Mark Freebairn, the head of the CFO Practice in Odgers Berndtson’s London office, looks at previous statistics and early research to anticipate how the climate of the CFO industry within FTSE100 companies may change for United Kingdom businesses post-Brexit.
CEO succession rates are rapidly accelerating. According to a PwC study, CEO turnover rates climbed from 11.6 per cent in 2010 to 16.6 per cent in 2015. Between 2007 and 2009, nearly 10 per cent of S&P 1,500 companies experienced a CEO succession yearly. And with retirement and M&A rates rising your company could soon be on that list – an Odgers Berndtson survey of Canadian executives revealed that 62 per cent of companies had no plan for CEO succession, and most other developed economies suffer from the same syndrome.