When it comes to the super class of CEOs in the world’s largest companies, upheaval in the chief executive suite is not in the exclusive domain of one region, according to a new Global 500 CEO Departures™ in-depth analysis by public relations firm Weber Shandwick. Overall, a sizeable 15 percent of the world’s largest companies experienced a chief executive change in 2006 (10 percent in North America, 18 percent in Europe and 16 percent in Asia Pacific). These findings are based on CEO departures at the world’s 500 largest revenue-producing companies and show that disruption in the chief executive suite is clearly a worldwide phenomenon.
On a positive note, the proprietary analysis reveals that the overall departure rate of global 500 CEOs declined from 17 percent in 2005 to 15 percent in 2006 – an 11 percent drop proportionally. On a regional basis, the world’s largest companies headquartered in North America experienced the most marked decline, from 18 percent in 2005 down to 10 percent in 2006. In contrast, the world’s largest company CEOs in Europe saw a modest rise (from 15 percent in 2005 to 18 percent in 2006) while Asia Pacific witnessed no change.
See full Press Release.
Posts
