Average Age of CFOs, CEOs Creeping Upward

By:
Chris Gaetano
Published Date:
Sep 12, 2017
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Research on c-suite executives has found that the average age for a CEO and CFO has crept upward since 2012 by about five years each, according to Quartz. Over the course of half a decade, the average CEO's age has climbed from 45 to 50, and the average CFO's age has increased from 42 to 48, according to data from executive search firm Crist Kolder. The study looked at 673 companies from the Fortune 500 and S&P 500. The study advances two theories as to why this might be. First, CEOs and CFOs have more responsibilities than before, and have increased amounts of personal legal liabilities for the goings-on of their companies. Therefore, businesses are seeking out more experienced leaders. The other reason is that, in actuality, companies are returning to normal after the financial crisis, during which many incumbent CEOs and CFOs left their jobs. Quartz noted that 25 percent of CEOs older the age of 64 were removed in the wake of the crisis, versus just 8 percent of younger CEOs. 

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