UAE Business: CEO hires reach record levels, surpassing pre-pandemic highs – Gulf Digital News

UAE Business: CEO hires reach record levels, surpassing pre-pandemic highs – Gulf Digital News

Globally companies in the first half of 2021 appointed a record number of CEOs, making up for a significant slowdown in the second half of 2020, a report said.

 

The report also showed that compared to their predecessors, new CEOs are more likely to be women (11%), to be from countries other than where the company is headquartered (30%) and to have cross-border experience (46%), according to the 2021 Route to the Top report from Heidrick & Struggles, a premier provider of executive search, leadership assessment and development, organisation and team effectiveness, and culture shaping services globally. 

 

The UAE report showed that 42% of the new CEOs have advanced degrees, and 16% have cross-border experience, while 23% have less than one year of experience as CEOs. 

 

“The findings from this year’s report show that trends in UAE are in line with global standards in most areas, however when it comes to non-national CEOs, UAE stands out (with 42% compared to 24% globally). It’s also worth mentioning that the first half of 2021 shows a record number of CEO appointments globally, the highest since 2018,” said Alain Deniau, head of CEO & Board of Directors Practice of Heidrick & Struggles in Mena region.

 

Female CEOs