Executive Talent Oversight

Redefining the CEO’s Role for the Next Generation

By Frank Carris and Bob Romanchek

03/17/2025

Directorship Magazine

More than 1,800 US CEOs departed their roles in 2024 according to Challenger, Gray & Christmas, which was the highest annual amount since the firm started keeping such records. Although the average tenure of the CEOs who departed in 2024 was approximately 12 years, the average tenure of active CEOs is slightly more than 5 years, signaling that a generational change is occurring at the top....

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 Frank Carris
Frank Carris is a consultant at the executive compensation consulting firm Meridian Compensation Partners.  

Bob Romanchek
Bob Romanchek is a partner at the executive compensation consulting firm Meridian Compensation Partners.

Meridian Compensation Partners is a NACD partner, providing directors with critical and timely information, and perspectives. Meridian Compensation Partners is a financial supporter of the NACD.