CHICAGO, May 30, 2013 (GLOBE NEWSWIRE) -- Senior executive team members often become apprehensive when a new CEO is appointed. Are their fears justified? New research from RHR International indicates it might be a good idea to keep an updated resume on hand. According to analysis of the data, it takes new leaders less than four months to begin making changes in the structure of their senior teams. In time, a full 60% of those sitting around the meeting table will be replacements.
On average, CEOs hired from outside the organization move faster in making the first changes. They are also less inclined to promote from within, often preferring to bring trusted colleagues along with them from previous employers.
"The first role likely to be reviewed by the CEO is the Chief Human Resource Officer (CHRO) or Head of Talent Management," says Dr. David Astorino, Global Practice Leader – Senior Team Effectiveness at RHR International. "From a tactical and symbolic viewpoint, this is understandable, as it is likely a reflection of the chief executive's desire to make the alignment between talent and corporate goals a top priority."
When new CEOs change more than one role at the start of their tenure, General Counsels or Chief Legal Officers, along with CMOs, most often join CHROs at the top of the list.
For more information, including suggestions on how new chief executives can accelerate the effectiveness of their senior teams, download the complete report, entitled, "Fresh Faces in High Places." from the Research Studies section of our website.
The study was based on an analysis of CEO/Team trends from publicly available information on 20 global companies averaging 2012 sales of over $40 billion. Forty-five percent of these new chief executives were appointed from inside the company and 55% were hired from external sources.
ABOUT RHR INTERNATIONAL
We are a firm of management psychologists and consultants who work closely with top management to accelerate individual, team and business performance. We focus on four key areas of client need — Individual Assessment, Executive Development, Senior Team Effectiveness and CEO Succession & Transition. We have been proven difference-makers for more than 65 years, unique in our combination of top management focus, psychologists' perspective and high-level business acumen.
RHR International has offices in Belgium, Brazil, Canada, China, France, Germany, Italy, Switzerland, United Kingdom and United States. The company is headquartered in Chicago, Ill. For more information, please visit www.rhrinternational.com or follow us on the RHR blog site, Twitter and Facebook.
CONTACT: RHR International Jeff Durocher, 312-924-0885
Source:RHR International LLP