Chief Executive Officers: The Trend of Boards Recruiting CEO’s from the Outside Continues To Grow (from Strategy+Business)

This is a fascinating article. Here are a few takeaways:

Needing a wider set of diverse competencies and backgrounds, coupled by more independent boards bringing in their own set of diverse networks and experiences, CEO’s being brought in from the outside has surged in the last several years.
CEO Turnovers at the top 2,500 largest companies are up 16%. Industries with the highest turnover are Telecom, Energy and Materials. Most are planned (78%), some are forced and some due to M&A’s.
Utility companies are the #1 industry most likely to hire outside CEO’s from another industry.
Bringing in outside CEO’s is a succession planning trend that is predicated to continue – though the majority of CEO spots will still continue to be filled internally.

LOTS of gems in this in-depth article – which you can read in full here.

Mary Elizabeth Bradford is the Founder and Executive Director of CEOresumewriter.com and Maryelizabethbradford.com and a past executive recruiter. A thought leader in the career services industry for over 20 years, she holds 5 distinct advanced certifications for senior-level resume writing, online branding and executive-level job search coaching (CERM, CMRW, CARW, MCD, NCOPE). She has been seen and heard in major media including Forbes, Time, WSJ, Newsweek and NBC affiliate stations. She holds 2 CDI TORI awards and is a top tier judge for the elite CDI TORI awards for four consecutive years. Mary Elizabeth Bradford’s elite team of award-winning, certified, top executive resume writers, former top executive recruiters, and global HR executives help many of the world’s premier C-suite, board members and thought leaders secure the transitions and compensation packages they want. She works with clients all over the globe.

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