The rise of first-time CEOs

Viewed in Russell Reynolds The inaugural Global CEO Turnover Index Annual Report for 2023 provides valuable insights into the evolving landscape of CEO leadership, with implications for businesses in 2024 and beyond at public companies. The COVID-19 pandemic significantly influenced CEO turnover trends, causing a decline in departures during 2020 and 2021. A five-year high… More

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The shifting role of chief marketing officers in Fortune 500

Viewed in Fortune Fortune 500 corporations are currently navigating a significant paradigm shift as the traditional prominence of Chief Marketing Officers (CMOs) in the C-suite undergoes a reevaluation. Cost-cutting Recent developments underscore a growing trend among companies, driven by financial challenges and cost-cutting imperatives, to eliminate standalone CMO positions. Pioneers in this approach include United… More

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Essential traits for mastering leadership in 2024

Viewed in HRDirector Thom Dennis, CEO of Serenity in Leadership, outlines key insights for executives navigating the evolving leadership landscape. 1. Courage and resilience amid change: Leaders are called upon to make strategic, bold decisions aligned with long-term visions, fostering courage and resilience in the face of ongoing global challenges. 2. Leading through uncertainty: Combatting… More

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Unveiling the secrets of successful COOs

Viewed in Russell Reynolds The role of the COO has evolved into a more strategic position, making it a top contender for the CEO spot. This shift is driven by the digital landscape and sustainability expectations. Russell Reynolds Associates conducted a study on nearly a thousand COOs using Hogan psychometric tests, revealing some crucial insights…. More

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Demystifying the roles of CIO and CTO

Viewed in McKinsey In today’s fast-paced business world, the roles of a Chief Information Officer (CIO) and a Chief Technology Officer (CTO) play a crucial role in driving organizational success. These positions hold distinct responsibilities that contribute to a company’s competitiveness and growth in the ever-evolving technological landscape. Mastermind overseeing information and knowledge systems The… More

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Boosting your workplace productivity by 65%

Viewed in Inc. In 1999, a groundbreaking approach to increasing workplace productivity was uncovered by a Harvard researcher. Astonishingly, this solution remains just as relevant in 2023, yet it hasn’t been widely embraced. Constant interruptions Leslie Perlow, a pioneer at the University of Michigan, identified a common problem known as “time famine” – the feeling… More

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CHROs: The driving force behind HR evolution

Viewed in McKinsey The role of the Chief Human Resources Officer (CHRO) is going through significant changes, driven by the evolving needs of the workforce and advancements in technology. Instead of sticking to the traditional HR model, CHROs are now embracing five emerging HR operating models that offer more flexibility. These models include: Ulrich-plus model:… More

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Why you should consider setting up a Tech Advisory Board

Viewed in Russell Reynolds Discover the growing trend of Tech Advisory Boards and how they can help organizations navigate the ever-changing technological landscape. Bridging the tech talent gap These boards provide strategic guidance and expertise from industry experts, thought leaders, and technology professionals. Their insights can help companies strategize in digital domains, make acquisitions, and… More

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Enhancing collaboration of Senior Advisors

Viewed in Russell Reynolds Integrating senior advisors is becoming common practice among private infrastructure firms, following the approach used in private equity. Insights, Expertise and Leadership These advisors bring valuable insights, networks, and expertise that complement the skills of firm professionals and portfolio leaders. However, the lack of a standardized model for engaging senior advisors… More

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Rethinking board motivation

Viewed in Egon Zehnder The article unveil the evolving landscape and challenges facing board directors today, emphasizing changes in their motivations, roles, and compensation. The authors highlight several key findings: Motivation Board directors are increasingly motivated by the desire to make a real impact on the boards they serve, shifting their focus from monetary rewards… More

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Attracting and retaining Chief Risk Officers

Viewed in Heidrick & Struggles The financial services industry is facing an evolving landscape of risks, and attracting and retaining the next generation of risk leaders is crucial. Evolving risk landscape The role of Chief Risk Officers (CROs) has become increasingly complex, demanding expertise in traditional risk types, strategic acumen, knowledge of emerging risks, and… More

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CEOs and CMOs: The partnership for growth

Viewed in McKinsey Amid a challenging economic environment and rapid changes, CEOs are seeking avenues for growth, and an effective partnership with their Chief Marketing Officers (CMOs) can be the key. To understand the dynamics within high-growth and low-growth companies, a survey and interviews with C-level growth roles (including CMOs) and CEOs from various industries… More

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Strategies to avoid early executive turnover

Viewed in Korn Ferry Many executives are now early leaving their new leadership roles within 44 days, causing disruption, talent loss, and decreased morale. The financial investment in recruitment, onboarding, and training is substantial. Leadership disruptions impact long-term company performance. Cultural Fit Mismatches in culture, unrealistic expectations, inadequate onboarding, and role ambiguity lead to early… More

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Unchanging trend: Turnover of CFOs in S&P 500 companies

Viewed in Russell Reynolds This article emphasizes the persistence of Chief Financial Officer (CFO) turnover in S&P 500 companies and the evolving expectations for CFOs. Retirements, career changes, and new opportunities drive the ongoing turnover of CFOs, impacting financial strategies. Sectors such as technology and healthcare experience higher CFO turnover due to dynamic markets and… More

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The emerging role of Chief AI Officers: Is your organization prepared?

Viewed in Egon Zehnder Discover how Chief Artificial Intelligence Officers (CAIOs) are leading the charge in transforming organizations through AI adoption. As artificial intelligence (AI) continues to reshape industries, the need for dedicated AI leadership roles grows even stronger. Empowering AI transformation The CAIO takes the reins of AI adoption, strategy, and innovation within organizations,… More

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Unleashing the power of CMOs: A new era in B2B marketing

Viewed in Egon Zehnder The article by Egon Zehnder delves into the evolving role of Chief Marketing Officers (CMOs) in Business-to-Business (B2B) contexts and the strategies they employ to drive success. The article highlights the transformation of B2B marketing from a support function to a strategic driver of growth. CMOs are playing a pivotal role… More

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The skills and experience boards need today (and tomorrow)

Viewed in Spencer Stuart The Spencer Stuart “Nominating/Governance Chair Survey” presents insights into the perspectives of nominating and governance committee chairs from S&P 500 and MidCap 400 companies. Conducted in the first quarter of 2023, the survey delves into the evolving priorities and practices shaping board composition and effectiveness. Key findings include: 1. Board Composition… More

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CEO succession planning: An inside look at the CHRO’s pivotal role

Viewed in Spencer Stuart The article from Spencer Stuart explores the critical role that Chief Human Resources Officers (CHROs) play in CEO succession planning and its overall impact on organizational success. The article emphasizes that CEO succession planning is a complex process that requires strategic alignment between the board of directors, the current CEO, and… More

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Build a robust CEO transition plan

Viewed in McKinsey Effective CEO transitions play a critical role in maintaining organizational stability, driving performance, and shaping the company’s long-term success. This McKinsey article outlines a five-step approach for successful CEO transitions: Proactive planning: Boards should establish a formal succession planning process and regularly review potential internal and external candidates. By identifying and developing… More

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The evolving role of Chief Data Officers

Viewed in Egon Zehnder The article by Egon Zehnder sheds light on the evolving role of Chief Data Officers (CDOs) and their increasing importance in driving business transformation and innovation beyond data protection. CDOs are responsible for managing and protecting this critical asset, ensuring compliance with data regulations, and safeguarding against cyber threats. CDOs have… More

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