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Do qualified accountants make the best CEOs?

Do qualified accountants make the best CEOs?

Contractor accountants may be interested to learn that more than 50% of CEOs in FTSE 100 companies are qualified accountants according to the latest Robert Half CEO Tracker report for last year.

52 CEOs now come from a financial background, compared to a mere 31 back when the credit crisis hit in 2008.

Robert Half UK managing director, Phil Sheridan, said the research was a signpost for chief financial operators and other directors who harbour ambitions to climb the career ladder. The international regulatory landscape is becoming increasingly complex and leaders need to have a solid understanding of the principles behind sound financial management.

11 new companies entered the FTSE 100 in 2011/12 and three of them are asset management companies. The CEOs in five of these new entrants come from a strong financial background.

Only 4% of women are in the top job, the same percentage as in 2010. FTSE 100 companies also still seem reluctant to have a younger CEO. Only 6% of companies have a top boss aged under 45, again the same percentage as in 2010.

The youngest CEO in a FTSE 100 company is Vitaly Nesis, a 36-year-old who is in charge of Polymetal International, a mining company. Interestingly enough the oldest CEO is also in charge of a mining company. Jaime Lomelín, now aged 76, has been at the helm of Fresnillo, for over 20 years.

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Image: World’s Best Boss by Kumar Appaiah

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