What CEO's Are Made Of

Spencer Stuart looked at the qualifications and experience of the 270 CEOs who comprise the benchmark S&P/TSX index, and compared them to the CEOs who led companies in the old TSE 300 index in 1996. It found the typical work background for CEOs is still in operations and finance — similar to a decade ago — but more of the work is being done outside of Canada. Almost 40 per cent of today's CEOs have international work experience, up from 29 per cent in 1996. Mr. Hauswirth says CEOs need a more diverse range of work experiences than even a decade ago because the job is becoming more complex. He says many companies value global experience not only for the exposure to different business experiences, but also because of the broader lessons a candidate learns by succeeding in a different culture. “It demonstrates a level of versatility and adaptability, which is important for a CEO,” he says. http://www.theglobeandmail.com/servlet/story/RTGAM.20060925.wrceos25/BNStory/Business/home

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