The world’s largest companies have resumed normal patterns of succession planning, suggesting they believe the worst of the downturn is over.
Among the 2,500 biggest groups by market value, 355 replaced their chief executives last year, compared with 290 in 2010, according to research by Booz & Company.
Although there remains a risk that the global recovery may peter out, the consultancy said that the 14.2 per cent of companies making a change in the top job represented a return to the seven-year historical average.
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