CEO turnover at record high; successors following long serving CEOs struggling according to PwC´s Strategy& Global Study
(WorldNews Europe)

CEO turnover hit a record high of 17 percent in turbulent 2018 but there is a group of executives holding steady according to the 2018 CEO Success study released today by Strategy&, PwC`s strategy consulting business. The study, which analyzed CEO successions at the world`s largest 2,500 public companies over the past 19 years reports that while the median tenure of a CEO has been five years, 19 percent of all CEOs remain in position for 10 or more years, consistently, over the time period analyzed. Despite disruption, intense competition and eager investors, the median tenure within the group is 14 years with these long serving CEOs who also have better performance, and are less likely to...