Are most Fortune 500 C-suite executives internal or external hires? What is their average job tenure? How diverse is the C-suite?

To find out, Spencer Stuart researchers examined the executive leader profiles for companies included in the 2024 Fortune 500 list.

The researchers found that 76% of CEOs at Fortune 500 companies were internal hires and 58% of CMOs were internal hires.

CEOs at Fortune 500 companies have an average tenure of 7.4 years, and CMOs have an average tenure of 4.3 years.

Some 11% of CEOs at Fortune 500 companies are women, and 14% come from historically underrepresented racial and ethnic backgrounds.

Some 53% of CMOs at Fortune 500 companies are women, and 12% come from historically underrepresented racial and ethnic backgrounds.

About the research: The report was based on an analysis of the executive leader profiles for companies included in the 2024 Fortune 500 list.


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The Backgrounds and Tenures of Fortune 500 C-Suite Executives

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ABOUT THE AUTHOR

image of Ayaz Nanji

Ayaz Nanji is a writer, editor, content strategist, and research writer for MarketingProfs. He has worked for Google/YouTube, the Travel Channel, and the New York Times.

LinkedIn: Ayaz Nanji

Twitter: @ayaznanji

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