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CEO Appointments Reach Record Levels, Surpassing Pre-Pandemic Highs According to Heidrick & Struggles' 2021 Route to The Top Report

- More new CEOs have C-suite experience beyond traditional CFO and COO roles, with Chief Risk Officers, Chief Strategy Officers and Chief Technology Officers making inroads to the top job- Share of women CEOs appointed globally doubled to 13% in first half of 2021- Ethnic and racial diversity among CEOs in Fortune 100 companies still lowCHICAGO, Nov. 18, 2021 /PRNewswire/ --A Companies in the first half of 2021 appointed a record number of CEOs, making up for a significant slowdown in the second half of 2020,A according to the 2021 Route to the TopA report from Heidrick & StrugglesA (NASDAQ: HSII),A a premier provider of executive search, leadership assessment and development, organization and team effectiveness, and culture shaping services globally. The global report also shows that compared to their predecessors, new CEOs are more likely to be women (11%), to be from countries other than where the company is headquartered (30%) and to have cross-border experience (46%). "The appointments in early 2021 provide a first-look at the CEOs that will lead in a post-pandemic era," said Jeff Sanders, vice chairman and co-managing Partner of the global CEO & Board of Directors Practice, Heidrick & Struggles. "The top job, like so many others, has been altered by the rapid changes that have taken place over the last 18 months. We are seeing companies start to look beyond the traditional ranks of CFO and COO when looking for their next CEO. In fact, we saw the proportion of new CEOs who held other C-suite roles more than double in the first half of this year compared to the same period last year, revealing that boards and organizations are taking a more expansive view in their CEO succession planning."
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