FTSE 100 turns to chiefs who know numbers

THE NUMBER of chief executives in the FTSE 100 with financial backgrounds has leapt since the recession began four years ago.

Fifty-one per cent of chief executives in London’s top stock index come from financial backgrounds, compared to 31 per cent in 2008, showing a jump of 67 per cent.

Data from the Robert Half FTSE 100 CEO Tracker, conducted every March, also reveals a change in the type of companies in the London Stock Exchange’s top 100.

Since the economy nosedived in 2008, six travel firms have been booted out, largely replaced by companies in business support and commodities.

Robert Half UK managing director Phil Sheridan put this genre shift partly down to “the ongoing trend towards outsourcing business processes.”

He added, “The importance of sound financial management in an increasingly complex international regulatory environment further underlines the necessity for leaders who understand the numbers behind the business.”