December 10, 2020

CNBC Features ESGAUGE Data and Analysis of CEO Succession Events in Times of Crisis

Financial news channel CNBC featured today the new data and analysis published by ESGAUGE on CEO turnover.

“A new study from The Conference Board provided exclusively to CNBC shows that only 71 companies within the Russell 3000 index announced CEO changes in that period, 11% lower than average turnover in the two prior years,” wrote business reporter Nate Rattner.

“A change in leadership is one of the most significant events that can take place at a company, with effects on its operations, culture and reputation. ‘In a situation that is as extraordinary as the Covid crisis, companies found themselves having to make a decision on whether they want to compound business risks with additional uncertainty,’ said Matteo Tonello, managing director of ESG Research at The Conference Board, who authored the study alongside ESG data analytics firm ESGAUGE and executive search firm Heidrick & Struggles.”

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