![]() ![]() The youngest average age of CMOs is 52 in the consumer sector. CMOs in the industrial sector are the oldest with an average age of 55. The average CMO age is 54, which ties for youngest in the C-suite in this analysis and compares with an average age of 52 in the 2016 analysis. ![]() This is based on risk factors, size of budgets and reliance on the technology function at the enterprise level to enable business outcomes, data assets and customer engagement.” “This can be attributed in large part to the increased experience needed, as today’s CIOs are more strategic and central to the success of an organization. companies by revenue jumped significantly,” said Craig Stephenson, senior client partner and managing director of the Korn Ferry North American Technology Officers Practice. “During the past several years, the average age of CIOs in the 1,000 largest U.S. The shortest-tenured CIOs are in the healthcare sector at an average of 3.9 years. CIOs in the energy sector have the longest average tenure at 5.3 years. The average tenure for the CIO is 4.6 years, which closely aligns with the 2016 figures. The oldest CIOs are in the healthcare industry at an average age of 57, and the youngest average CIO age can be found in the consumer and technology industries at 54. That’s four years older than in 2016, when a Korn Ferry analysis found the average CIO age was 51. The average age for CIOs across all industries is 55, which ties as being the oldest in the C-suite, behind CEOs. “We’re finding that a contributing factor to the longer tenure of CFOs are Boards, which are taking the time to create robust succession management processes to ensure chosen candidates are a good fit, and therefore stay longer,” said Barry Toren, senior client partner, Korn Ferry CFO Practice.ĬIO – From Youngest in C-Suite in 2016 to Tying for Second Oldest Today The longest-tenured CFOs are in the industrial sector at an average of 5 years, and the shortest-tenured CFOs are in the technology sector at an average of 4.1 years. There isn’t much variance in the age of CFOs among industries, with an average age of 54 for all analyzed industries except the energy industry at an average age of 53.Īs for tenure, behind the CEO, the CFO is the longest-tenured C-suite member at an average of 4.7 years. companies by revenue is 54, which ties for the youngest role in the C-suite. The average age for CFOs at the top 1,000 U.S. We anticipate this will have some impact on the composition of both the executive team as well as the Board.” This is creating an environment where the average age of the role is decreasing. “In terms of the average age of CEOs, we are also seeing a surge in the number of first-time public company CEOs coming onboard. This may explain some decrease in tenure,” said Tierney Remick, Korn Ferry vice chairman, Board and CEO services. "Our Korn Ferry analysis finds that CEO turnover, especially in publicly traded companies, has been accelerating at record high rates during the past 2 years, due to both planned and unplanned departures. In terms of industries, CEOs in financial services have the longest average tenure at 8.4 years (down from 9.7 years in the 2016 analysis), and those in energy and industrial sectors have the shortest tenure at 6.5 years. Interestingly, the current tenure is down from an average of 8.0 years when Korn Ferry conducted the same analysis in 2016. The financial services industry has the oldest average CEO age at 60, and the technology and energy sectors have the youngest CEOs at an average age of 57.Īt an average of 6.9 years, CEO tenure is the longest in the C-suite. CEOs are the oldest on average of any other C-suite role. The average age for a CEO across industries is 59. However, the numbers vary depending on title and industry. When analyzed in the aggregate, the average age for a C-suite member is 56 and the average tenure is 4.9 years. The Korn Ferry study examines the age and tenure of individuals holding C-suite titles (CEO, CFO, CHRO, CMO CIO/CTO), and is also broken down by industry - consumer, energy, financial services, industrials, healthcare and technology. companies by revenue reveals age and tenure by role and by industry. Age Has Increased, Tenure has Decreased in Recent Years-Įditor’s Note: Infographic can be found hereĪ new analysis by Korn Ferry (NYSE:KFY) of members of the C-suite at the top 1,000 U.S. CEOs are the Oldest, Longest Tenured, CMOs Shortest Tenured, Tied for Youngest. Korn Ferry Study Reveals Trends by Title and Industry ![]()
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