Czechs replace foreigners in company management, top managers go to start-ups
This year, 291 top managers changed here. Of these, 222 came to new positions from outside and 69 got to these positions thanks to promotions within their company. This is shown by new research by Anderson Willinger.
Czechs are increasingly filling positions in the top positions of large domestic companies. At the same time, a new trend is developing in which top managers from large companies are moving to start-ups or to the management of smaller companies.
At the same time, as many as 83% of the employees promoted in this way were Czechs or Slovaks, who were offered a vacant director’s or manager’s chair after the departure of the foreign boss.
Why leave a large company?
Another trend this year is the transition of important managers to smaller companies or start-ups. An example for all of them is Petr Sobotka, who worked for nine years in the top management of E.ON and this year joined the design thinking agency Direct People.
“Many of these managers either no longer want to work in corporations or will leave, and no competing company will accept them for many different reasons. But the most common reason is that they have already reached the top in their field and a different path awaits them. They often have ambitions to join smaller companies as shareholders,” says Lucie Teisler, Managing Partner of Anderson Willinger, executive search.
In managerial stability, we are approaching Western countries
The Czech Republic is beginning to move closer to the markets of Germany and France in terms of the term of office of the average director, where the life of CEOs and top management is extending, according to a report by Anderson Willinger, executive search.
In the Czech Republic, the CEO will spend an average of 3.6 years, while in France it is 4.2 years and in Germany 4.7 years. Lucie Teisler, Managing Partner of Anderson Willinger, executive search, adds that the exception is the automotive industry in our country, where the service life of directors is currently lower. Otherwise, for comparison, the average CEO will remain 4.7 years in Austria and 3.7 years in dynamic England.
In general, according to a study by Anderson Willinger, executive search, 2017 was relatively quiet, except for a few interesting moves.
Exceptions were the fast-moving consumer goods, retail and some manufacturing companies, which experienced a turbulent period this year.