The document examines CEO turnover in Australia from 2004 to 2013, highlighting the trends regarding female CEOs and the decline in their appointments and retention. It indicates that women CEOs are often more likely to be forced out than their male counterparts, while incoming CEOs are increasingly chosen from within their companies. Additionally, the document notes that the median tenure of outgoing CEOs has decreased significantly, reflecting a shift in corporate leadership dynamics.

1. 96%
(2004-2013)
Australian Chief
Executive Study
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In 2013 Strategy& continued to examine
CEO turnover and looked at women
CEOs of the last ten years.
The 2013
... and are more likely to be
forced out of office
Forced Planned M&A
27% 21%
38% 27%
Outgoing CEO succession reason
(2004-2013)
forced out forced out
forced out forced out
13%
60%
11%
51%
23%
56%
27%
46%
Women CEOs differ from their
male peers in that they are
more often outsiders...
Insider Outsider
58%
42%
61%
35% 39%
65% 78%
22%
Australia Global Australia Global
45 male
female
1
2013 incoming CEO class
MEN continue
to dominate the
incoming CEO
class
2012 2013
6.7%
2.2%
2012 2013
13.9%
15.8%
* Women on Boards - Boardroom Diversity Index report, 2013
Appointment of Australian women
CEOs is in decline, while the
number of women being appointed
to Boards is increasing
Women CEOs
Women on Boards*
Australia
Global
Retention of
Australian women
CEOs is also in
decline
4.3%
3.1%
2004-2008 2009-2013
and trending
more negatively
than the rest of
the world
Higher shareholder
returns
Best annualised
returns
$
1
Top performing Australian companies are increasingly appointing more
incoming CEOs from within their ranks who continue to perform better
than outsiders
43%
48% 50%
60%
67%
2009 2010 2011 2012 2013
Incoming CEOs: INSIDERS
of Australian
ASX200 CEOs
left office in 2013
up from 15% in 2012
16%
Median tenure of
outgoing CEOs has
declined
years in office
4.3
lower than the global median in 2013
(5 years) and Australian median since
2006 (5 years)
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Insider CEOs Performance