10 Statistics on CEO Turnover, Recruitment

Here are ten key statistics on CEO turnover and recruitment from a recent Black Book Rankings poll. The poll was completed by 1,404 healthcare provider organizations' human resource officers and board members.
•    The average hospital CEO tenure is under 3.5 years.

•    Fifty-six percent of CEO turnovers are involuntary.

•    When a new CEO is hired, almost half of CFOs, COOs and CIOs are fired within nine months.

•    Within two months of a new CEO appointment, 87 percent of CMOs are replaced.

•    Ninety-four percent of new CEOs without healthcare sector experience believe extensive healthcare knowledge is not necessary to replace senior management positions.

•    Eighty-nine percent of people involved in the hiring process believe a broad area of business expertise is beneficial in a hospital CEO position.

•    Most new hospital CEO candidates come from a venture capital/private equity industry background (42 percent,) followed by finance and accounting (40 percent,) banking (32 percent) and marketing and sales (19 percent.)

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