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Equilar CEO Tracker: Q3 2019 Update

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November 20, 2019

Key Findings:

1. 59 announced CEO departures through Q3 2019 versus 80 in all of 2018

2. 31% of appointed CEOs in 2019 so far are external hires versus 22% in all of 2018

Equilar 500 companies have announced 59 CEO departures through the third quarter of 2019. This compares to a total of 80 CEO departures in all of 2018. 48 of the 59 CEOs departed by the third quarter with the other 11 expected to leave later this year.

The average CEO lifetime pay for all 59 departing CEOs is $86.1 million with a median of $57.4 million. John Hammergren (McKesson), with the longest tenure at 19 years, earned the highest total CEO lifetime pay at $800.1 million. Shane Kim (GameStop), who served for one year, had the lowest CEO pay at $1.2 million.

Through the third quarter of 2019, three female CEOs announced their departures: Geisha Williams (PG&E), Heather Bresch (Mylan N.V.) and Beth Mooney (KeyCorp). Seven women have been appointed CEO so far in the year: Revathi Advaithi (Flex), Nazzic Keene (Science Applications International), Heyward Donigan (Rite Aid), Lori Ryerkerk (Celanese), Mary Winston (Bed Bath & Beyond), Melisa Miller (Alliance Data Systems) and Cheryl Miller (AutoNation). Overall, women appointed as CEOs in the Equilar 500 have increased from 4% in 2016 to 6% in 2018. In 2019, 14% of CEOs appointed are women.

Overall, external appointments have increased from 15% of all CEOs appointed in 2016 to 22% in 2018. For all announced appointments in 2019, this trend has continued with 31% of newly appointed CEOs coming from external sources.

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Departures

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Successors

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About Equilar

Equilar is the leading provider of Board Intelligence Solutions. Its data-driven platforms, BoardEdge and Insight, provide tools for board recruiting, business development, executive compensation and shareholder engagement. Companies of all sizes, including 70% of the Fortune 500 and institutional investors representing over trillion in assets, rely on Equilar for their most important boardroom decisions. Equilar also hosts industry-leading board education symposiums, conducts comprehensive custom research services and publishes award-winning thought leadership.

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