Global CEO exits slump to nine-year low, insiders preferred

Dubai witnessed a significant decline in corporate executive departures in the first half of 2026, marking a nine-year low, according to data from the Global CEO Turnover Index by advisory firm Russell Reynolds Associates. The index recorded 101 CEO exits, a reduction of 17 departures, or approximately 14%, compared to the previous year's 118 exits. Despite this decrease, global CEO hiring remained relatively stable, with 130 appointments made, aligning closely with the nine-year average of 129.

The trend towards stability and proven leadership was evident, as boards increasingly favored seasoned executives. The average tenure for departing CEOs extended to nine years, up from 6.6 years in the first half of 2025, marking the second-highest first-half tenure in the index's nine-year history. This shift in board preferences towards experience is particularly pronounced in the S&P 500, where 34% of the 30 incoming CEOs had previously led a public company, compared to 23% across all indices.

Within the S&P 500, nine CEOs were internal promotions, while four moved up from the board, and five transitioned from executive roles within the company. Notably, 88% of incoming S&P 500 CEOs were promoted from within, highlighting a broader trend of succession planning and leadership continuity.

The UAE's corporate landscape also reflects these broader trends, with an emphasis on structured succession planning and long-term growth. The data underscores the importance of building robust internal leadership pipelines to support sustained growth. Nicolas Manset, Head of the Middle East at Russell Reynolds Associates, emphasizes that boards in the UAE are now placing greater value on continuity and proven leadership.

He advises organizations to develop strong succession pipelines and maintain a balance between internal talent development and access to experienced external talent when necessary. This strategic focus on retention and succession planning is instrumental in UAE's ongoing success as a preferred destination for major corporate headquarters.