Planned turnover of chief executives at the world’s biggest companies has reached its highest level this century, as they respond to pressure from shareholders to behave professionally when it comes to filling the top jobs.
Among the world’s 2,500 largest groups by market value, 270 replaced their chief executive in 2012 as a result of succession planning, according to research by Booz & Company.
This organised turnover contributed to an overall total of 375 changes of chief executive in the year, the second highest since the study began in 2000, behind only the result in 2005.
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