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'There are too many CEOs with finance backgrounds'

'There are too many CEOs with finance backgrounds'

Boards should be looking at a wider talent pool that just finance officers if they want to get the most out of their CEO.

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  • Vicky Wright
    Vicky Wright
    Wed, 6 Aug 2014 4:53pm BST
    While I am not surprised by this survey, I seem to remember that similar studies some years ago showed that German CEO's tended to come from more operational and technical backgrounds. At the time it was considered that this gave them the advantage in terms of success in manufacturing and a longer term view of performance and business development. Any evidence?
  • Dave
    Dave
    Wed, 6 Aug 2014 1:50pm BST
    Agree with Mark, not really ground breaking. Also, a fairly stereotypical assessment of value added by FDs and CFOs. Using Jobs and Branson as examples of successful business leaders is also pretty pointless given the unique gifts both have!
  • Mark
    Mark
    Wed, 6 Aug 2014 12:48pm BST
    Hardly a surprising piece of research, large number of companies tend to go for "a safe pair of hands" in a downturn and as we are emerging from a prolonged downturn, many companies wanted a finance orientated CEO. Also the article mentions CEO's not being in place for sustained periods, clearly we live in a results orientated world where change is a daily part of our lives, this is even more so for companies and that is reflected in length of tenure.

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