Who are our leaders? A Study of CEO succession in the UK FTSE 350 companies
Who are our leaders? A Study of CEO succession in the UK FTSE 350 companies
This study considers the implications for the future of the publicly traded corporation in terms of its leadership talent pipeline by considering the questions of succession, age and tenure, and recruitment of CEOs. It shows that the majority of 350 CEOs were recruited internally on the basis of similarity-attraction, ageing, having been in the role for over six years and close to retirement. They tend to be replaced by successors with similar age profile and recruitment characteristics and an implied tendency to longevity of tenure. The study questions the future talent pipeline due to the predominance of a rapidly ageing group of current leaders.
3-16
Rejchrt, P.
2d23befe-343d-4dcd-9bca-72088c25d9cf
Higgs, Malcolm
bd61667f-4b7c-4caf-9d79-aee907c03ae3
March 2014
Rejchrt, P.
2d23befe-343d-4dcd-9bca-72088c25d9cf
Higgs, Malcolm
bd61667f-4b7c-4caf-9d79-aee907c03ae3
Rejchrt, P. and Higgs, Malcolm
(2014)
Who are our leaders? A Study of CEO succession in the UK FTSE 350 companies.
Journal of General Management, 39 (3), .
(doi:10.1177/030630701403900302).
Abstract
This study considers the implications for the future of the publicly traded corporation in terms of its leadership talent pipeline by considering the questions of succession, age and tenure, and recruitment of CEOs. It shows that the majority of 350 CEOs were recruited internally on the basis of similarity-attraction, ageing, having been in the role for over six years and close to retirement. They tend to be replaced by successors with similar age profile and recruitment characteristics and an implied tendency to longevity of tenure. The study questions the future talent pipeline due to the predominance of a rapidly ageing group of current leaders.
Text
__userfiles.soton.ac.uk_Users_nl2_mydesktop_Deposits_One off_PAPER 1 CEO JGM v2 20140106 submission2.doc
- Accepted Manuscript
More information
Accepted/In Press date: 2014
e-pub ahead of print date: March 2014
Published date: March 2014
Organisations:
HRM and Organisational Behaviour
Identifiers
Local EPrints ID: 365684
URI: http://eprints.soton.ac.uk/id/eprint/365684
ISSN: 0306-3070
PURE UUID: 2f57147a-c9ce-4684-99ba-6cafd370aefc
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Date deposited: 12 Jun 2014 13:36
Last modified: 15 Mar 2024 03:30
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Author:
P. Rejchrt
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