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CEO Succession in the Polish Capital Market in 2000–2015

In: Efficiency in Business and Economics

Author

Listed:
  • Katarzyna Byrka-Kita

    (University of Szczecin)

  • Mateusz Czerwiński

    (University of Szczecin)

  • Agnieszka Preś-Perepeczo

    (University of Szczecin)

  • Tomasz Wiśniewski

    (University of Szczecin)

Abstract

A change in the person holding a key managerial position in a company is an important event for the company’s stakeholders, and even more important when the company operates in the continental system of corporate governance and the CEO is the key person responsible for the strategic directions of operations and day to day control of different organizational structures of the enterprise. Based on such premises, in this article we analyze CEO succession in companies quoted on the Warsaw Stock Exchange. The article presents the basic characteristics of 1904 CEO appointments which were made in 2000–2015 and is an introduction to a series of articles which explain this phenomenon from different points of view. It was determined, for example, that in the entire period under analysis, preference was given to the appointment of a new CEO (997) rather than to an extension of the term of office of the existing CEO (850). However, in the last three years a reversed trend can be observed (213/258). It is worth adding that in the actual succession subgroup, supervisory boards prefer to appoint CEOs from among outsiders.

Suggested Citation

  • Katarzyna Byrka-Kita & Mateusz Czerwiński & Agnieszka Preś-Perepeczo & Tomasz Wiśniewski, 2018. "CEO Succession in the Polish Capital Market in 2000–2015," Springer Proceedings in Business and Economics, in: Tadeusz Dudycz & Grażyna Osbert-Pociecha & Bogumiła Brycz (ed.), Efficiency in Business and Economics, pages 39-56, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-68285-3_4
    DOI: 10.1007/978-3-319-68285-3_4
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