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Average Tenure of CEOs Declined to 8.4 Years, The Conference Board Reports

The tendency to appoint a seasoned executive as incoming CEO is related to firm performance

The Conference Board
Mon, 04/16/2012 - 11:03
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(The Conference Board: New York) -- The average tenure of a CEO declined to 8.4 years in 2011 from approximately 10 years in 2000, according to the 2012 edition of The Conference Board’s annual report, “CEO Succession Practices.” 

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CEO Succession Practices documents and analyzes succession events for CEOs in S&P 500 companies in 2011. It includes historical comparisons with data from the last decade, and a review of findings from a survey of general counsel and corporate secretaries at more than 330 U.S. public companies.

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