Tech talent is becoming an increasing draw for FTSE 100 firms on the hunt for their next chief executive.
According to recruitment firm Robert Half, the number of top bosses with a financial background is dropping as companies focus more on tech expertise.
In the past four years, the number of FTSE 100 chief executives with a technology background has trebled; in 2014 only three bosses had a background in technology and today this has risen to 11.
While the majority of bosses still have a background in finance, it has dropped from 55 per cent last year to 43 per cent, according to Robert Half's FTSE 100 CEO tracker. That is the lowest level in three years.
There are also changes afoot in terms of age, with just eight chief executives under the age of 50 on the FTSE 100. That is a quarter down on 2010, when 33 hadn't seen in their first half-century.
The typical age of a chief executive now is 55, with an average tenure of five years and two months.
Robert Half noted the number being promoted from within has doubled within the last three years. In total, 41 per cent of FTSE 100 firms' top dogs have been promoted from within the company and 11 per cent have been at the company for their whole career.
“Strong leadership that can deliver profitability and create a sustainable advantage against competitors and new market entrants is key," said Phil Sheridan, senior managing director at Robert Half UK.
As a result, all businesses are thinking carefully about who is positioned at the helm of the company and if he or she has the skills needed to navigate a complex business environment. Increasingly, CEOs who can combine current industry knowledge with the commercial acumen needed to navigate the fast pace of change is key.
Overall though, the average FTSE 100 CEO is from the UK (65 per cent), male (93 per cent) and likely to have held a senior role in the same industry (64 per cent). Just seven of the current FTSE 100 bosses are female, edging up from four in 2014.
How the FTSE 100 boss is changing