The pandemic has altered how corporate boards view interim roles, with average tenures stretching much longer for certain roles, new research suggests. Going into 2021 with uncertainty still lingering, boards could continue to allow C-suite roles to remain unfilled for longer periods of time.
Tenures among interim execs, such as interim CFOs and other named executive officers in the S&P 500, in 2020 were longer than in the year prior, according to data from public company intelligence provider MyLogIQ.
On average, interim CFOs in 2020 were on the job for 168 days, compared to 97 days in 2019. Interim NEOs were in the position for 188 days, on average, up from 100 days in 2019.
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