CEO Age At Appointment Is Rising Sharply As Firms Shift Toward Experience-Heavy Leadership, Study Finds

Source: International Business Times

CEOs are increasingly being appointed later in life as companies place greater value on diverse experience and long career trajectories before reaching the top job. Pixabay A new working paper has found that chief executives in corporate America are being appointed at significantly older ages than in previous decades, signaling a structural shift in how firms evaluate leadership talent in an increasingly complex business environment. The study, published by the National Bureau of Economic Research, documents that the age at which CEOs are appointed has risen sharply over the past several decades.