BusinessPeople In BusinessMajority of FTSE 100 CEOs from finance background

Majority of FTSE 100 CEOs from finance background

Five year high of 51% of FTSE 100 CEOs from finance background, compared to just 31% in pre-recession 2008

Majority of FTSE 100 CEOs from finance background

MOST FTSE 100 chief execs come from a financial background according to research from financial recruitment business Robert Half.

Post-recession the majority of chiefs in the biggest UK companies (51%) have a financial background now compared to just 31% in 2008 – a massive 67% increase.

Of the new CEO’s that have joined the index since 2008, 55% have a strong financial background including: Weir group’s Keith Cochrane, who was previously the engineering company’s finance director; building materials business CEO Myles Lee who was also its finance director and is an ICAS member; and chartered accountant Terry Twigger who was formerly group FD of engineering business Meggitt before taking the CEO role.

“It’s interesting to see the shift in Britain’s top listed companies, with commodity and business support services organisations displacing leisure companies; partly the result of an ongoing trend towards outsourcing business processes,” said Phil Sheridan, (pictured) managing director for Robert Half UK.

“Our research serves as a signpost for ambitious CFOs and other directors looking for their next step up the employment ladder. The importance of sound financial management in an increasingly complex international regulatory environment further underlines the necessity for leaders who understand the numbers behind the business.”

Related Articles

One in four FTSE 100 bosses hold accounting qualification

People Business One in four FTSE 100 bosses hold accounting qualification

1y Richard Crump, Writer
‘Personal' reasons cited for Sodexo CFO Herbert-Jones' early exit

People Business ‘Personal' reasons cited for Sodexo CFO Herbert-Jones' early exit

2y Chris Warmoll, Writer
Colin: Fantasy finance for Disney CFO

People Business Colin: Fantasy finance for Disney CFO

2y Taking Stock
Aero FD and Deloitte set for tribunal after FRC issue formal complaint

Accounting Firms Aero FD and Deloitte set for tribunal after FRC issue formal complaint

3y Chris Warmoll, Writer
Accounting and finance staff demand leaps

People Business Accounting and finance staff demand leaps

3y Kevin Reed, Writer
Ex-Aero Inventory FD struck off and fined by FRC

People Business Ex-Aero Inventory FD struck off and fined by FRC

2y Chris Warmoll, Writer
Friday Afternoon Live: 'Posh' accountants; The CFO Agenda 2015

People Business Friday Afternoon Live: 'Posh' accountants; The CFO Agenda 2015

2y Kevin Reed, Writer
blur group finance chief leaves to face bankruptcy hearing

Legal blur group finance chief leaves to face bankruptcy hearing

2y Chris Warmoll, Writer