Global Chief Operating Officer Turnover Index

We share the latest Chief Operating Officer (COO) turnover data for listed companies globally. Updated each quarter, you’ll find the proportion of COO departures and appointments, as well as trend analysis by gender and tenure across internal and external hires.

COO Turnover Index - Russell Reynolds Associates

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Global Chief Operating Officer Turnover Index: Key Findings Q1 2025

 

01

Chief Operating Officer (COO) turnover reaches six-year high

In 2024, 124 COOs departed their roles, up from 112 departures in 2023 and significantly above the six-year average of 101 departures.

 

The elevated turnover in 2024 signals the evolving nature of the COO. As operational challenges shift from supply chain disruptions to AI implementation and digital transformation, organizations are seeking more agile, creative leaders who can partner effectively across R&D, finance, and emerging technology functions.

 

Despite this increase in turnover in 2024, 24 COOs departed the role in Q1 2025 versus 35 in Q1 2024. It's expected that turnover will pick up again once organizations adjust to the global tariff changes introduced by the Trump administration.

 

 


02

COO tenure remains significantly shorter than other C-suite roles

In 2024, average COO tenure was 3.4 years, slightly above the six-year average of 3.2 years and up from the shortest tenure period of 2.8 years in 2020. However, this remains notably below the six-year average of other C-suite roles, with CEOs at 7.8 years, CFOs at 6.2 years, and CHROs at 6.1 years.

 

The FTSE 100 experienced a particularly sharp decline in tenure in 2024, dropping from 4.2 years in 2023 to 3.3 years.

 

This shorter tenure is likely due to the dual nature of the COO role. In many cases, the COO serves as a stepping stone to the CEO role—our route to the top research found that from Q1-Q4 2024, 22% of CEO hires were from the COO role. This was significantly higher in the S&P 500 at 33% and the S&P/TSX Composite at 45%.

 

 


03

Internal COO appointments signal sophisticated succession planning

Internal COO appointments rose slightly from 67.7% in 2023 to 68.5% in 2024. This trend looks set to remain high as Q1 2025 figures show that 81% of appointments were internal.

 

High internal COO appointments demonstrate increasingly sophisticated COO succession planning capabilities, with companies planning earlier and more strategically for these critical roles. However, the Q1-Q4 2024 figure remains below the six-year average of 73%, with internal COO hiring rates peaking during the Covid period.

 

While first-time COOs are still favored over experienced COOs, with the six-year average of first-time COO appointments being 78%, there has been a rise in the percentage of experienced COO appointments, increasing from 21% in 2023 to 26% in 2024. Organizations are increasingly opting for proven operational leaders to navigate current geopolitical and economic volatility.

 

 


04

Women COO appointments decline after 2023 spike

After reaching 19% in 2023, women COO appointments reverted to 13% in 2024, close to the six-year average of 14.2%. This decline underscores the ongoing pipeline challenges at the senior leadership level feeding into the COO role.

 

More positively, in Q1 2025, 21% of COOs were women appointments, compared to 9% in Q1 2024, which could be an early indicator that women COO appointments are on the rise once again.

What is COO turnover?

COO turnover refers to the rate at which COOs depart and are hired from their roles. It can be a helpful indicator of wider trends, including economic health and businesses’ risk appetites.

How has COO turnover changed for public companies?

COO turnover has fluctuated since 2019 for the companies listed on the 10 indices tracked in the COO Turnover Index, hitting a high in 2022, when 136 COOs were appointed globally. COO turnover remained high in 2024, with 130 COO appointments globally.

Why is COO turnover so high for public firms globally?

High COO turnover signals the evolving nature of the COO. As the operational landscape shifts, organizations are seeking more agile, creative COOs who can partner effectively across R&D, finance, and emerging technology functions.

How many COOs were appointed globally in 2024 at public companies?

There were 130 COO appointments globally in 2024 for the companies listed on the 10 indices tracked in the COO Turnover Index. This included:

  • 39 COO appointments in the S&P 500.
  • 25 COO appointments in ASX 200.
  • 7 COO appointments in the FTSE 100.

How many COOs of public companies stepped down in 2024?

There were 124 COO departures globally in 2024 for the companies listed on the 10 indices tracked in the COO Turnover Index. This included:

  • 44 COO departures in the S&P 500.
  • 21 COO departures in ASX 200.
  • 7 COO departures in the FTSE 100.

What is the proportion of women COO appointments at public firms in 2024?

Women remain largely underrepresented in the COO role across the world as per the COO Turnover Index. In 2024, women accounted for 17 of COO appointments globally (13% of all appointments), compared to 113 for men. However, there are regional nuances. In 2024:

  • 6 women COOs were appointed in the S&P 500, representing 15% of COO appointments.
  • 4 women COOs were appointed in the ASX 200, representing 16% of COO appointments.
  • 1 woman COO was appointed in the FTSE 100, representing 14% of COO appointments.

What proportion of new COOs of public companies were first-time COOs?

In 2024, 74% of 130 COO appointments were first-time COOs for the companies listed on the 10 indices tracked in the COO Turnover Index. They had never held a COO role at a public-listed company.

What’s the average tenure of COOs at publicly listed companies?

In 2024, the average tenure of COOs was 3.4 years.

 

 

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Global CEO Turnover Index

Explore data from the world’s leading stock indices on how many listed company CEOs are leaving their posts each quarter.