The growing legitimacy of outsider chief executives

Based on the results of the annual CEO Success study conducted by Strategy&, Curt Nickisch at Harvard Business Review reports that a growing number of top global companies are hiring outsider CEOs in their planned succession process. The emerging trend sees outsiders as an intentional leadership choice rather than a stereotypical hire in a crisis or turnaround situation. Among the factors that encourage on-boarding external leaders are the declining prevalence of CEOs who hold the title of board chair and the threat of activist investors pushing their own external candidates.

Read the full article here.