This is a profound trend. The average age of incoming CEOs for S&P 500 companies has increased about 14 years over the last 14 years.
From 1980 to 2001 the average age of a CEO dropped four years and then from 2005 to 2019 the averare incoming age of new CEOs increased 14 years!
This means that the average birth year of a CEO has not budged since 2005. The best predictor of becoming a CEO of our most successful modern institutions?
Being a baby boomer.
Here is more from Paul Millerd.