A new study of chief
executives of FTSE 100 companies has revealed that today's lenders
are younger and better qualified than when the FTSE 100 was first
established 24 years ago.
Research by Odgers, Ray and Berndtson, discovered that the average
age of a chief executive had fallen to 52 from 60.
Additionally, today's leaders are more diverse, with just 58 being
British compared to 80 in 1984, 14 hailing from the US, ten from
Europe and eight from Commonwealth countries.
Chief executives are also more highly-educated than before, with
all but five holding a university degree, as opposed to 30 CEOs
without a degree in 1984.
The shift is partly explained by the way in which businesses within
the FTSE 100 have changed.
Numerous manufacturing and consumer goods companies are no longer
present on the index, being replaced by companies associated with
resources, media, professional and support services.
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