The 2013 Chief Executive Study
This is the 14th year that Strategy& has examined CEO successions and success among the world’s top 2,500 public companies. This year we focused particularly on women CEOs over the last 10 years.
Women CEOs are still rare — just 3 percent of this year’s incoming class — but they are becoming more prevalent, and we expect that trend to accelerate. In terms of professional background, we found fewer differences between female and male CEOs than we anticipated, but two particularly notable ones: Women are more often hired from outside their company, and women are more often forced out of office.
We also traveled through time to explore how the role of the CEO has evolved over the past 100 years and made a few predictions for what we think that role will be in 2040 — when today’s graduates will be stepping into the CEO position. By 2040, we project that women will make up about a third of new CEO appointments. In addition, CEOs will take charge of strategy, edging out a separate chief strategy officer role, and the chief human resources officer role will expand. These HR leaders will be charged with ensuring that the company has all the resources it needs, including natural resources — they’ll be chief resource officers. With CEO tenures averaging about five years, every leader your company chooses between now and 2040 will give you a chance to move closer to the ideal CEO of tomorrow.
2013 Chief Executive Study videos
This video draws on Strategy&’s unique database on outgoing and incoming CEOs. We highlight two key differences in the career tracks of women and men CEOs at the world’s largest public companies between 2004 and 2013.
This video explains the key findings of Strategy&’s 14th annual study of changes at the top of the world’s largest 2,500 public companies and what those changes tell us about what companies are looking for in their CEOs.
This video examines the evolution of the CEO role over the past 100 years and Strategy&’s predictions for CEOs in 2040. We discuss what your company should look for in a CEO a quarter century from now — when today’s graduates will step into the position.
It’s a good time to begin thinking about who will be leading your company in 2040. That’s because 2040 is the year when today’s graduates will be stepping into the CEO position, and your chief executive will need a skill set that companies aren’t necessarily looking for or cultivating today. We draw on the evolution of the CEO role over the past 100 years to help you prepare for the CEO of tomorrow.
take the CEO Time Machine quiz >
CEO turnover in 2013 was largely business as usual — 14.4 percent of CEOs left office.
Women CEOs are becoming more prevalent, and we expect that trend to accelerate.
View this one-page graphic highlighting the data on 10 years of women CEOs.
Explore CEO succession rates by geography, industry, and year.
This year’s report focuses on women CEOs over the last 10 years, the fact that women CEOs are slowly becoming more prevalent, and where women and men CEOs do — and don’t — differ. It also highlights many details on the incoming and outgoing classes of CEOs in 2013 and major trends in corporate governance, such as dual CEO/chairman appointments.
Read our global press release for the 2013 Chief Executive Study.