The average CEO tenure has declined from 8.5 years in 2003 to 3.7 years in 2020 [1].
Boards in financial services must stay ahead of this challenge by developing a well-structured CEO selection process, coupled with an effective internal CEO candidate succession strategy.
Ultimately, financial services organizations that are deliberate in their approach to CEO selection will have a competitive advantage when it comes to identifying and onboarding their next CEO.
In our latest report, Michael Henry (Managing Partner) and John Sanders (Senior Partner, Board & CEO Services) examine the following:
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- Recent research on CEO longevity, and the importance of implementing a well-defined CEO succession planning and selection process by the board
- Considerations for selecting an internal CEO candidate versus exploring the external market
- Our firm’s recommended approach to ensure a successful CEO selection process within a financial services environment
Our latest report provides a step-by-step guide on how boards can develop a well-structured CEO selection strategy.
About Massey Henry
Massey Henry was created to bring a fresh approach to the traditional field of executive recruitment. Our process is specialized to identify financial services executives and is transparent for clients and candidates alike. Our Partners bring more than 60 years of combined experience in the financial services and executive search industries. We have supported clients across the full spectrum of financial services, including: Retail and commercial banking; Insurance and Reinsurance; Asset management; Capital markets; Wealth management; Credit Unions; Private equity; FinTech; Payments; and Corporate and Investment Banking. Learn more about how our team can support your executive search needs.
For further information on Massey Henry, or any of the above, please contact us.