According to a new study, the proportion of chief executives in the UK hired from outwith firms is double the global average, while Japan’s is negligible, The Financial Times reported on 19 April.
The research, conducted by professional services network PwC, also found that the turnover rate of chiefs at the world’s 2,500 largest public firms rose from 14.5% in 2014 to 16.6% in 2015. Brazil, Russia and India topped the list for this turnover, followed by the UK and Japan.
Ashley Unwin, UK consulting leader at PwC, said: “Hiring a CEO from outside the company used to be seen as a last resort. That is not the case anymore”.