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CEO Turnover Study 2013: A Profile of Hotel Industry Leadership

A recent study surveying 2,500 of the world’s largest public companies, covering all industry sectors, reported 14.4% CEO turnover (the 5-year average stands at 13.9%).

In comparison, our 2013 study of the hotel sector revealed turnover of 10.0% and a 5-year average of 10.8%.

Notably, changes in leadership within the hospitality industry have predominantly been planned as opposed to being forced or as a result of death or illness. Over the last 10 years just shy of 60% of CEO movement was the result of considered forward-thinking planning by the board.

Yet, we have seen a slight increase in the numbers of forced CEO exits – it appears, especially in Europe, public companies’ shareholders have been quick to demand change in the face of diversity. It will be interesting to see whether this is just a reflection of the relatively uncertain economic environment of the past three to four years or it there is a change of mentality.

Read more: HospitalityNet

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