When looking to hire a new CEO, corporate boards of directors are increasingly bypassing C-level executives and appointing less seasoned leaders.
They are still looking for chiefs with the traditional attributes of intelligence, integrity, and stamina—traits that have defined great executives for decades. But boards are now also seeking CEOs who understand signals in today’s unpredictable environment and are comfortable acting on them—abilities that directors hope will more than offset candidates’ relative inexperience.
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