CEO DURABILITY? (IT’S ALMOST HALVED) –CURT: Q: “What is the average duration of

CEO DURABILITY? (IT’S ALMOST HALVED)
–CURT: Q: “What is the average duration of employment for the CEO of a fortune 1000 company?”–

The average duration of employment for CEOs, particularly in large companies like those in the Fortune 1000, has been a subject of study and analysis. Based on the available data, the tenure of CEOs has shown a trend of fluctuation over time with a general decrease in recent years.

Recent Trends (As of 2023)
The average tenure of CEOs in 2023 is approximately 7.2 years, marking a 34% decrease compared to 2017​​.
In the context of the S&P 500, the average tenure and ages of departing CEOs were higher in recent years (10.2 years in 2022, age 62.6) compared to previous periods, but these figures have started to normalize​​.

Historical Perspective
Historically, the median tenure of a CEO has been around five years, with a notable percentage (19%) of CEOs remaining in position for 10 or more years over the past two decades​​.

A study by Korn Ferry reported that the average tenure for CEOs dipped to 6.9 years in 2019, down from 8.0 years in 2016​​.

A longer-term perspective reveals that the median tenure for CEOs was steadily decreasing, with averages dropping from 10 years in 2000, to 8 years in 2016, and approaching 5 years in more recent times​​.

These trends reflect changes in the business environment, including increased accountability, rapid technological advancements, market volatility, and evolving consumer demands.

Cheers
-CD