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London, February 1, 2024: Over a quarter of global CEOs to exit firms in 2023 were fired – Shepard Fox helps promote global CEO turnover index
More than a quarter of CEOs who left global listed companies in 2023 were dismissed as the challenges facing top business leaders are mounting. Analysis from leadership advisory firm Russell Reynolds Associates showed that 178 chief executive roles changed hands in 2023, 10% of CEOs of firms across 12 international stock markets, a record figure showing that pressures on CEOs today are multiplying, from driving net-zero to inflationary, supply chain and geopolitical pressures. The analysis also found that women chief executives are being fired at a much higher rate than their male counterparts leading to a gap in average CEO tenure of 8.7 years for men versus 4.1 years for women. The report also showed that for gender parity at the current growth rate of female CEOs it would take 80 years. – Shepard Fox Communications supports Russell Reynolds Associates in developing media content by editing and localizing the results of their analyses, studies and surveys into thought-leadership pieces, press releases, web content, and social media posts. The support provided by Shepard Fox also includes reaching out to journalists and arranging and managing interviews as well as monitoring media and preparing media coverage reports.