Explore the latest data and trends in CAC 40 appointments
2024
Board Monitor
France
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CEO & Board Practice
Heidrick & Struggles’ CEO & Board Practice has been built on our ability to execute top-level assignments and counsel CEOs and board members on the complex issues directly affecting their businesses.
Europe CEO & Board of Directors Practice
Kit Bingham
London
kbingham@heidrick.com
Alice Breeden
London
abreeden@heidrick.com
2023 DATA
TRENDS DATA
Snapshot
2023 CAC 40 board appointments at-a-glance
PROFESSIONAL EXPERIENCE
DIVERSITY
APPOINTMENTS OVERVIEW
Number and share of appointments
board appointments were made in 2023
43
of CAC 40 companies brought on at least one new director
63%
of seats went to first-time public board directors
23%
Professional experience
of seats went to retired executives
35%
went to those active in executive roles
65%
81%
of appointments went to directors with cross-sector experience
56%
of seats went to directors with international experience
Most common type of C-suite experience (Share of appointments)
CEO
CFO
COO
58%
19%
14%
Nationality
of seats went to women
51%
Diversity
The average age was
59
45
AGE AT APPOINTMENT
NATIONALITY
GENDER
CEO & CFO
BOARD EXPERIENCE
ACTIVE VS RETIRED
NUMBER OF SEATS
Trends, 2017–2023
Gender diversity trends: Women (%)
CEO
CFO
CEO & CFO experience (%)
First-time board members (%)
69
69
65
Active executives (%)
2017
2021
2022
2023
75
42
43
Number of seats filled
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This analysis is part of Heidrick & Struggles’ long-standing study of trends in board composition in countries around the world. Produced by our global CEO & Board Practice, these reports track and analyze trends in non-executive director appointments to the boards of the largest publicly listed companies in Australia (ASX 200), Belgium (BEL 20), Brazil (B3), Canada (TSX 60), Colombia (COLCAP), Denmark (OMX Copenhagen 25), Finland (OMX Helsinki 25), France (CAC 40), Germany (DAX and MDAX), Hong Kong (Hang Seng), Ireland (ISEQ), Italy (FTSE MIB), India (Nifty Top 200), Japan (TOPIX Core 30), Kenya (NSE Top 40), Mexico (BMV IPC), the Netherlands (AEX), New Zealand (NZX 10), Norway (OBX), Poland (WIG20), Portugal (PSI 20), Saudi Arabia (Tadawul), Singapore (STI 30), South Africa (JSE Top 40), South Korea (KOSPI 50), Spain (IBEX 35), Sweden (OMX Stockholm 30), Switzerland (SMI Expanded), the United Arab Emirates (ADX and DFM), the United Kingdom (FTSE 350), and the United States (Fortune 500). Information about executives is gathered from publicly available sources, BoardEx, and a Heidrick & Struggles proprietary database.
About the research
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16
17
19
33
36
58
XX%
COO
47%
Non-national
53%
National
57
70
9
51
42
43
52
51
Average age at appointment
60
49
67
53
Nationality (%)
National
Non-national
68
59
Min
Max
2020
2019
2018
2017
2018
2019
2020
2021
2022
2023
2017
2018
2019
2020
2021
2022
2023
2017
2018
2019
2020
2021
2022
2023
2017
2018
2019
2020
2021
2022
2023
2017
2018
2019
2020
2021
2022
2023
2017
2018
2019
2020
2021
2022
2023
52
32
62
77
80
74
32
27
38
45
43
29
23
71
50
40
19
28
27
35
50
47
N/A
54
59
56
40
46
41
44
25
33
47
25
58
56
55
54
57
56
59
Trends, 2018–2023
Leadership Agenda:
stay connected
Subscribe to our monthly newsletter for the latest expert insights and trends.
SUBSCRIBE
Heidrick Insights
Explore the latest thought leadership from Heidrick & Struggles
LEARN MORE
CEO & Board of Directors Practice
Helping organizations lead with purpose to be the best they can be now and in the future
LEARN MORE
This analysis is part of Heidrick & Struggles’ long-standing study of trends in board composition in countries around the world. Produced by our global CEO & Board Practice, these reports track and analyze trends in non-executive director appointments to the boards of the largest publicly listed companies in Australia (ASX 200), Belgium (BEL 20), Brazil (B3), Canada (TSX 60), Colombia (COLCAP), Denmark (OMX Copenhagen 25), Finland (OMX Helsinki 25), France (CAC 40), Germany (DAX and MDAX), Hong Kong (Hang Seng), Ireland (ISEQ), Italy (FTSE MIB), India (Nifty Top 200), Japan (TOPIX Core 30), Kenya (NSE Top 40), Mexico (BMV IPC), the Netherlands (AEX), New Zealand (NZX 10), Norway (OBX), Poland (WIG20), Portugal (PSI 20), Saudi Arabia (Tadawul), Singapore (STI 30), South Africa (JSE Top 40), South Korea (KOSPI 50), Spain (IBEX 35), Sweden (OMX Stockholm 30), Switzerland (SMI Expanded), the United Arab Emirates (ADX and DFM), the United Kingdom (FTSE 350), and the United States (Fortune 500). Information about executives is gathered from publicly available sources, BoardEx, and a Heidrick & Struggles proprietary database.
About the research