how to recruit the perfect ceo
DESCRIPTION
Thankfully, most of us aren't charged with the job of finding the perfect for a multi-million dollar company. Choose wrong and the whole corporation could fall apart right beneath your feet and you'd be remembered forever as the guy who picked the wrong guy; but no pressure. Now, in the event that you really are in a position to pick out a new CEO, here's a big tip that you may find useful: hire externally. That's right, hire someone from the outside. Don't worry about internally promoting because that has shown to be a mistake for a number of reasons. In a study focusing on 51 CEOs from publicly owned tech companies, those that were internally promoted showed a revenue growth of 35% over three years. Okay, that's not so bad, but of those CEOs that were hired from the outside showed a revenue growth of 99% over that same three year period. What is it with external hires that get things done? Take a look at this infographic for more and let us know what you think in the comments.TRANSCRIPT
HOW TO FIND THE PERFECT CEOHOW TO FIND THE PERFECT CEO
#1#1 Finding a CEO is one of the most important searches a company will do and shouldn’t be limited to internal promotion. The wrong match could sink the ship, but today, the whole world is at your fingertips and your perfect CEO is ready to be found.
EUROPE’S TOP 5 CEOs
MORE AND MORE CEOs COME FROM OUTSIDE
CERTIFIED EXECUTIVE COVERAGE
37%of CEOs are hired from the outside
In Western Europe
New CEO Status: Insider Vs. Outsider
U.S./Canada
Outsider
WesternEurope
Japan
78% 63% 97%
37%
OtherMature
62%
38%
China Brazil,Russia,India
64%
36%
Other Emerging
68%
32%
56%
44%22%
Insider
3%
1970s 2013
27.1%In a study focusing on 51 CEOs of publicly owned tech companies
99% revenue growth 35% revenue growth over 3 years over 3 years
CEOs who came from the outside showed a
Internally promoted CEOs showed a10%
of CEOs were hired externally
Average compensation for CEOs with assets over €5 billion
Highest LowestUK : €4.700.000
Germany:€3.100.00
Belgium: €1.980.00
France: €2.290.000
Why are external hires better? To avoid competition, some CEOs don’t hire those who could be qualified
This means the internal candidate pool is shallowThe “best qualified” could be the wrong person for the job
Internally promoted CEOs are less likely to change the status quo
More likely to stick to old standards Less likely to branch out into new ideas for growth
Experience is a plus Companies are less likely to find an experienced CEO by searching internally
EXECUTIVES AROUND THE WORLDCEO Worldwide helpscompanies find the bestexecutives on a global scale.
Successful entrepreneurial and managerial track record
Minimum of 10 to 15 years professional and international experience
Highly educated with often MBA or PHD qualification
Fluent in English and another language
Sharing CEO Worldwide's values and vision
Their database contains more than 13,200 executives from 177 countries
When it comes to finding the best CEO, the world is within your reach. Let CEO Worldwide work for you.
Sources: btplc.comen.sanofi.comtelekom.com/homevodafone.com/contenttelecom.pt/InternetResource/PTSite/PTconference-board.org/press/pressdetail.cfmfinancenews24.com/2013/06/14/the-best-ceos-in-europe-in-2013onrec.com/news/news-archive/the-uk-has-the-highest-paid-ceos-in-europeforbes.com/2009/03/10/ceo-success-characteristics-leadership_vell_studyCEO Worldwide database
COOs
CEOs
VP Sales & Marketing
VP BusinessDevelopment
CFOs
CTOs
VP HR
General Counsels
4,208
3,196
1,922
1,511
1,110
684
371
167
iCEO distribution by
POSITION / TITLE
INTERIMMANAGER
FOUNDER ORCO-FOUNDER
47%
48%
BusinessDevelopment
New Product orService Launch
Non-ExecutiveDirector
GeographicalExpansion
Company Rescueor Turnaround
Technologiesto Market
Acquisition &Shadow Management
Close Downor Sell Off
Pre or PostInvestment Audit
7,781
6,772
6,492
6,387
5,511
4,935
4,332
3,587
2,969
OPERATIONALCOMPETENCIES
9
Screened and Certified
based on the following criteria:
Each applicant is
Nationality: Portuguese
Company:
Headquarters: Founded:
Zeinal Bava
Portugal TelecomTelecommunications company
Lisbon,Portugal
1994
Nationality: Italian
Company:
Headquarters: Founded:
Vodafone Group plc
Vittorio Colao
Telecommunicationcompany
Newbury, England
1991
Nationality: German-Canadian
Company:
Headquarters: Founded:
Sanofi
Chris Viehbacher
Multinational pharmaceutical company
Paris,France
2004
Nationality: Scottish
Company:
Headquarters: Founded:
Ian Livingston
BT Group plcBritish multinational telecommunications company
London, England
1981
Nationality: German
Company:
Headquarters: Founded:
Rene Obermann
Deutsche Telekom AG Telecommunication company
Leeds,Bonn
1996
Voted the best in a survey of more than 2,220 assets managers and 2,500 analysits from 250investment banks.
E-Commerce/ Internet
Software
IT / ComputerHardware
Telecommunications
Consumer Goods
Systems Integration
Financial Services
Electronics
Automotive
Media
Energy-Oil-Gas
Private Equity
Engineering
Healthcare
Public Sector
Packaging
Construction Industry
Leisure Industry
Plastics
Office Supplies
Medical Equipment
Aerospace
Defense
Textiles
4,739
4,302
4,181
3,766
3,672
3,290
2,738
2,732
2,221
1,942
1,823
1,771
1,568
1,465
1,423
1,335
1,316
1,268
1,206
1,124
1,084
1,060
1,049
999
iCEO distribution by
INDUSTRYSECTORSCOVERED
33
COUNTRIESCOVERED
177LANGUAGES
SPOKEN
84
INDUSTRY SECTOR
iCEO distribution by
EXPERTISE
5,0953,8553,7502,7201,6631,4961,4871,4101,3951,376967943830758742726711691656622
FranceUSA
UKGERMANY
BELGIUMITALY
THE NETHERLANDSSWITZERLAND
SPAININDIA
CANADACHINA
SINGAPOREHONG KONG
THE UNITED ARAB EMIRATESSWEDEN
AUSTRALIAPOLANDAUSTRIA
JAPAN