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Financial leaders 'younger and more qualified'
Monday, 17 March 2008
Professional & financial services
Today's financial leaders are younger and more qualified than when the FTSE 100 was first established 24 years ago, according to a new study of chief executives of FTSE 100 companies.
Recent data from Odgers, Ray & Berndtson indicated 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 due to the way in which businesses within the FTSE 100 have changed since its inception.
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.