Strengthening Leadership Teams
Investors are forcing companies to strengthen their top teams amid coronavirus uncertainty, leading to record boardroom change 28 July 2020
Lina Saigol and David Ricketts of MarketWatch highlight in their latest article that investors are forcing companies to strengthen their top teams amid coronavirus uncertainty, leading to record boardroom change. The average tenure of outgoing lead executives was slightly less than seven years.
This year has seen a spate of changes in boardrooms worldwide, as companies come under pressure from investors to shuffle their executive teams to steer them through the coronavirus crisis.
The trend is most pronounced in the US, where companies have experienced higher levels of executive departures than their counterparts in both the UK and Europe.
SquareWell’s research – CEO Appointments and Dismissals at the World’s Largest Companies – was referenced in this article. The full study can be accessed here and the article here.
