January 2014, Vol. 241 No. 1


Survey Of Energy Execs Shows High Turnover Trend

A national survey of executives in the oil and gas industry revealed more than 93% of companies asked have transitioned senior officers in the past two years with an “unexpectedly large number” retiring. Not surprisingly, the results of the “2013 Survey of Executive Hiring in the Oil and Gas Industry” by executive search firm The Alexander Group, showed CEOs departing at the highest rate of 28.9%, followed by COOs and divisional regional heads. “The energy industry is facing an imminent shortage of executive talent as well as a lack of employees with the required competencies that these companies need to compete in the global marketplace,” sa

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