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CEO Succession 2008: Stability in the Storm
Publish Date: March 11, 2009
Author(s): Karlsson, Per-Ola; Neilson, Gary
Abstract: Facing the worst economic crisis since the Great Depression, corporate boards in North America and Europe are holding fast to their current CEOs, finds management consulting firm Booz & Company in its 2008 annual survey of CEO turnover. The decline in succession rates in these two regions contrasts with the slight rise in chief executive departures globally. The financial services and energy sectors, most affected by the turmoil of 2008, saw outsized increases in CEO exits spurred not only by performance, but also by government interventions and volatility in commodity markets, respectively.
Related Expertise Areas: Organization, Change & Leadership, Enterprise Strategy
