How to Hire Your Next CEO

If it is true that the average age of a construction CEO is 61 years old and that 90% expect to transition out in the next five years (as a speaker at the 2023 AGC Convention claimed), the industry is in for a tremendous period of leadership upheaval! According to Sarah Woods writing in the Chief Executive newsletter, 40%-50% of new CEOs fail within the first 18 months of their hire! What does this mean to you as a contractor? 1. You’re likely to experience change at or very near the top of your organization soon, and 2. You desperately need to get your next executive hires right!

Tune in this week as Wayne relates some of Woods’ tips for getting CEO succession right and adds a couple of time-tested points that FBI consultants have observed over the years. What do you think? Are the stats correct? What are the keys to excellent executive hires in your experience? Please share with us in the comments.

We are down to the last few seats for the Denver class of The Contractor Business Boot Camp. If you haven’t yet enrolled your rising leaders to this one-of-a-kind leadership development program, NOW is the time. Please contact Charlotte at for more information.

  1. You nailed it Wayne. Culture fit for a CEO is vital.

    • Agree 110%! Thank you.

Leave a Reply

Your email address will not be published. Required fields are marked *

©2024 Performance Construction Advisors