Who are the Fortune100 CEOs? Research on their demographic information, career and education backgrounds.

1. Demographic Analysis of
Fortune 100 CEOs
March 2019
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2. 96 incumbents were analyzed across the Fortune
100 companies, representing all major industries
1
100 companies in
10 industries
• 96 incumbents in the Chief Executive
Officer role
o 1 company has Co-CEOs, both
incumbents are included
o 4 companies* were acquired in
2018, and have been excluded
o 1 company currently has an interim
CEO, this incumbent has been
excluded
Annual revenues of
$30 Billion to
$500 Billion
Oversight of
5,000 - 2,300,000
employees
• Basic Materials (1)
• Consumer Goods (8)
• Consumer Services (18)
• Financials (21)
• Health Care (14)
• Industrials (12)
• Oil & Gas (9)
• Technology (12)
• Telecommunications (4)
• Utilities (1)
Used the Industry
Classification Benchmark
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*Aetna, Andeavor, Express Scripts Holding, and Time Warner were all acquired in 2018, so have been excluded from this analysis.

3. Over half (57%) of the CEOs also have the
Chairman title and responsibilities
2
Chairman and CEO 43%01
CEO 22%02
President and CEO 18%03
Chairman,
President and CEO
14%04
CO-CEO 2%05
Title
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Executive Vice
Chairman and CEO
1%06

4. Age spread is 2.5x; More than three-fourths (79%) of
CEOs are Boomers, only one CEO is a Millennial
3
Overall Male Female
Mean Age 59 60 60
Age Range 34 – 88 34 - 88 57 - 65
< 50 years 2% 2% 0%
50 – 59 years 57% 58% 50%
Over 60 years 41% 40% 50%
The youngest and oldest CEOs in the Fortune 100 are both household names: Mark Zuckerberg (34) and Warren Buffet (88).
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5. A majority (94%) of the CEOs are male
4
While other C-suite positions
are becoming more gender-
balanced, CEOs remain
overwhelmingly male. The
gender gap is so wide (94%
to 6%) that it might take
decades to achieve any type
of balance.
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6
90

6. Only 8% of CEOs are of a racial minority
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*CEOs that were were born and raised outside the U.S. were from these countries:
Argentina, Australia (2), France, Greece, India, Italy, South Africa, Spain, Sweden, UK.
Racial minorities are still
under-represented in the
CEO position. However,
there were other aspects of
diversity at play, e.g. 11
CEOs were born and raised
outside the U.S.*
1%
3%
4%
92%
Racial Composition
Hispanic
Asian
African
American
Caucasian

7. More than three-fourths were internal hires; Among the external hires, two-thirds
were from the same industry; Vast majority spent their entire career in the US
6
• Most CEOs were promoted from within
• Most common internal jobs leading to
the CEO position are COOs, Business
Unit Heads*, and CFOs
• Of the 16% external hires, most were
either CEOs of other companies or
Business Unit Heads*
Internal Promotions Same Industry Entire Career in US
• For this analysis, we only considered
the 15 CEOs that were external hires
• Two-thirds were hired from the same
industry, for the remaining hires there
was no specific pattern
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84% 67% 80%
*Business Unit Heads include Subsidiary Presidents, Group Presidents, Division Presidents, and heads of large operating units.
• This only includes a job located outside US
(not having international responsibilities)
• Perhaps not surprising since the US F100
includes several companies that are largely
domestic (e.g. retail, healthcare)
• The Oil & Gas and Consumer Goods
industries have the most CEOs with job
experience outside the US

8. The Path to CEO
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**Business Unit Head includes Subsidiary Presidents, Group Presidents, Division Presidents, and heads of large operating units.
23%
61%
45% 47%
7%
17%
13%12%
Role Immediately Prior to
Promotion
Prior Roles Within the
Organization*
Internal Promotions
Business Unit Head** COO
CFO Other
President
7 CEOs are founders, co-founders,
or the son of a founder
• Jeff Bezos – Amazon
• Michael Dell – Dell Technologies
• Larry Page – Alphabet/Google co-founder
• Brian Roberts – Comcast (son of Ralph
Roberts, founder)
• Fred Smith – FedEx
• Kelcy Warren – Energy Transfer Equity/Energy
Transfer Partners
• Mark Zuckerberg - Facebook
67%
27%
6%
Role Immediately Prior to Hire
External Hires
CEO Business Unit Head** COO
Internal hires were typically the COO and/ or head of a Business Unit before becoming the CEO.
External hires were typically CEO of another company.
*Total exceeds 100% because many individuals held more than one of these position over their career.

9. Half of the CEOs have been in their role less than 5 years
8
Across industries
The average tenure is ~ 7 years. The tenure range is
very wide (<1 year to 49 years).
Distribution
The distribution of tenure is very left-skewed. 24% of
CEOs have been in the job less than 2 years and 50%
have been there less than 5 years.
Newly appointed CEOs
The average age of newly appointed (<1 year) CEOs is
57, slightly younger than the overall average (59)
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23
25
24
10
5
2 1
6
0
5
10
15
20
25
30
<2 2-5 5-8 8-11 11-14 14-17 17-20 >20
#ofCEOs
Years as CEO

10. There is a wide range in company experience, from <1 year to 49 years;
however, majority had been with the company for over 20 years
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2%
5%
4%
8%
5%
10%
66%
0% 10% 20% 30% 40% 50% 60% 70%
< 1 Year
1 - 3 Years
3-5 Years
5-10 Years
10-15 Years
15-20 Years
20 + Years
Company Tenure
66% of CEOs have been
with their company 20 years
or more, compared to just
7% that have been there 3
years or less
Average company
tenure is 23.7 years

11. Majority of CEOs did not attend highly selective schools at
the undergraduate level, but did so at the graduate level
10
Undergraduate
School Rank Graduate School Rank
>50
71%
21-50
11%
Top 20
18%
>50
36%
21-50
17%
Top 20
47%
School rankings were based on US News and World Report rankings of National Universities. To ensure comparability, we only included those who studied in US universities.
One CEO went to a military academy and eleven CEOs had undergraduate degrees from outside the US that are not included above.
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12. Education Profiles—96% of the CEOs have undergraduate
degrees*; 53% have graduate degrees
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Undergraduate School Graduate School
Degrees** Schools Degrees** Schools
• 30 have business degrees
(includes, Accounting, Finance,
etc.)
• 19 have engineering degrees
• 11 have economics degrees
• Texas A&M: 4
• University of Michigan: 4
• Penn State University: 3
• Harvard University: 2
• Michigan State University: 2
• Princeton University: 2
• University of Kentucky: 2
• University of Minnesota: 2
• University of Pennsylvania: 2
• 69 other universities with only 1
F100 CEO alum
• 33 are MBA
• 7 are JD
• 6 are Economics
• 2 are Computer Science
• 3 are Engineering
• 2 are Master of Accountancy
• 6 CEOs have 2 graduate degrees
• Harvard University: 8
• University of Pennsylvania: 4
• Columbia University: 3
• Stanford University: 2
• Northwestern University: 2
• 38 other universities with only 1
F100 CEO graduate alum
*Four CEOs do not have college degrees.
**Degrees noted reflect the most prevalent ones, examples of other degrees earned include: architecture, history, political science, psychology, etc.

13. List of educational institutions
12
Undergraduate Institutions
Albion College (1)
Aristotle University of Thessaloniki (1)
Auburn University (1)
Baylor University (1)
Bemidji State University (1)
Boston College (1)
Brown University (1)
California University, California PA (1)
Century University (1)
Clark University (1)
Dartmouth College (1)
Delta State University (1)
Duke University (1)
Grove City College (1)
Hamilton College (1)
Hartwick College (1)
Harvard University (2)
HEC Paris (1)
Illinois State University (1)
Illinois Wesleyan University (1)
Institute Tecnologico de Buenos Aires (1)
Iowa State University (1)
Ithaca College (1)
Kettering University (1)
Manhattan College (1)
Manipal Institute of Technology/Mangalore (1)
Massachusetts Institute of Technology (1)
Michigan State University (2)
Monash University (1)
Montana Technological University (1)
Northwestern University (1)
Ohio Northern University (1)
Pennsylvania State University (3)
Pepperdine University (1)
Polytechnic University of Milan (1)
Princeton University (2)
Purdue University (1)
Rose-Hulman Institute of Technology (1)
Saint Joseph’s University (1)
San Diego State University (1)
Smith College (1)
St. Bonaventure University (1)
Stanford University (1)
State University of New York at Binghamton (1)
State University of New York at Buffalo (1)
Texas A & M University (4)
Tiffin University (1)
Trinity University (1)
Tufts University (1)
U.S. Military Academy – West Point (1)
University of Alabama (1)
University of Arkansas (1)
University of California, Los Angeles (1)
University of Central Oklahoma (1)
University of Colorado – Boulder (1)
University of Iowa (1)
University of Kansas (1)
University of Kentucky (2)
University of Liverpool (1)
University of Melbourne, Australia (1)
University of Memphis (1)
University of Michigan (4)
University of Minnesota (2)
University of Missouri – St. Louis (1)
University of Nebraska (1)
University of North Carolina at Chapel Hill (1)
University of North Dakota (1)
University of Pennsylvania (2)
University of Pittsburgh (1)
University of Southern California (1)
University of Texas – Arlington (1)
University of Vermont (1)
University of Witwatersran (1)
Uppsala University (1)
Valdosta State University (1)
Washington College (1)
Yale University (1)
Graduate Institutions
Aristotle University of Thessaloniki (1)
Arizona State University (1)
Boston College (1)
Columbia University (3)
Duke University (1)
Emory University (1)
ESADE Business School (1)
Georgetown University (1)
Harvard University (8)
Institute d’Etudes Politiques de Paris (1)
Institute Tecnologico de Buenos Aires (1)
Manhattan College (1)
Massachusetts Institute of Technology (1)
Northwestern University (2)
Oklahoma City University (1)
Our Lady of the Lake University (1)
Pepperdine University (1)
St. Francis College (1)
St. Mary’s University (1)
Stanford University (2)
State University of New York at Binghamton (1)
Syracuse University (1)
University of Alabama (1)
University of Chicago (1)
University of Dayton (1)
University of Hartford (1)
University of Houston (1)
University of Illinois – Urbana-Champaign (1)
University of Kentucky (1)
University of Michigan (1)
University of Nevada – Las Vegas (1)
University of Notre Dame (1)
University of Oklahoma (1)
University of Pennsylvania (4)
University of Southern California (1)
University of Tulsa (1)
University of Virginia (1)
University of Washington (1)
University of Wisconsin – Madison (1)
University of Wisconsin – Milwaukee (1)
Vanderbilt University (1)
Xavier University (1)
Yale University (1)
Includes US as as well as non-US schools
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14. About this research
As the most visible face of the company, the CEO role gets more
attention than any other role. Yet there are some aspects about
CEOs such as their educational background, international
experience, etc. that are not very well-documented. We set out
to answer some of these questions in this analysis.
We looked at public-domain data from company websites,
LinkedIn, as well as reputable news sources such as
Bloomberg. Our research was limited to demographic
information such as time in position, age, gender, education, etc.
since that could be obtained from the public domain sources.
Key factors that drive the CEO’s success (such as leadership
and decision-making styles, relationships with the Board etc.)
are unfortunately not available in the public domain, although
several articles have been published on these topics.
In a few cases, we made inferences to arrive at data points e.g.
where age was not available, we inferred it based on year of
graduation and/ or year of first job.
The research was conducted in February - March 2019.
This research is intended for informational purposes only. Due to
the nature of this type of social research, there can be cases
where the data, or our inference thereof, is not accurate. No
warranty is provided or implied on the accuracy of this data.
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15. Authors and contact information
14© Insightory Inc. 2019. All rights reserved.
Insightory is a boutique management consulting firm with offices in Chicago, Denver and Houston.
We work with clients in 3 main areas: Business Transformation, Talent and Compensation.
Avneet Jolly
Chief Consultant
Avneet is Insightory’s Founder
and Chief Consultant. He was
previously a consultant and
Practice Leader with Hewitt
Associates/ AonHewitt.
Houston, TX
Tel: 832-515-8862
Avneet.Jolly@Insightory.com
Harold Klausner
Executive Advisor
Harold is an Executive Advisor with
Insightory. He was previously in
Practice and Market Leadership roles
at Willis Towers Watson, Mercer and
Sedgwick.
Denver, CO
Tel: 970-531-3892
Harold.Klausner@Insightory.com
Craig Briscoe
Executive Advisor
Craig is an Executive Advisor with
Insightory. He was previously in HR
Executive positions at Dell and senior
consulting positions at Hewitt and
Towers Watson.
Austin, TX
Tel: 512-636-4042
Craig.Briscoe@Insightory.com
Ash Seth
Director
Ash is a Director and Chicago market
leader with Insightory. He was previously
a consultant and Operations leader with
Hewitt Associates and Aon in US, China
and India.
Chicago, IL
Tel: 847-656-5853
Ashim.Seth@Insightory.com