The Asian Nikkei Review has noted a recent PwC study of CEO succession among the world’s 2,500 largest publicly traded companies and has found that China and Japan pick new CEOs with very different profiles.
Approximately 14.9% or 372 companies chose a new CEO in 2016 through normal succession, dismissals or mergers. The rate of change at the top of Japanese and Chinese companies, at 15.5% and 15.2%, respectively, was close to the global average; but what differed substantially was in the profile of Chinese versus Japanese CEOs as illustrated in the graphics below:
One of the few similarities between the profiles of new CEOs at Japanese and Chinese companies? The apparent aversion to picking foreigners as all of the CEOs of Chinese companies surveyed were Chinese and the same was true of the Japanese concerns.