How to survive the turnover tidal wave

The turnover of chief executives for the ASX100 is set to keep increasing, which means getting off to good start for new corporate bosses is almost non-negotiable.

A new chief executive in one of Australia’s top corporates has less time to succeed. This year 16 new ASX100 chief executives were appointed in the eight months to the end of February and, based on the trend, can expect to be in the role for just 3.9 years.

Prior to the GFC, chief executive turnover in the ASX100 averaged 9 per cent per year in the five-year year period to 2007. Then, in 2009, it hit 22 per cent, falling back to 17 per cent at April 2012.



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