Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
iStock 1336658193
iStock 1336658193

Tech CEOs are in it for the long haul, according to new research from ECI Partners


 1 in 5 technology CEOs plan to lead their business until at least 2030, a longer planned tenure than CEOs in any other sector, according to ECI Partners’ latest Growth Characteristics research. 

Further demonstrating that tech CEOs are more likely to be in it for the long haul, the research also found that the average amount of time tech CEOs plan to stay in their role is 7.3 years, nearly two years longer than the overall average of 5.7. 

ECI, the growth-focused private equity firm, surveyed over 500 fast-growth SME business leaders as part of its Growth Characteristics report to understand what makes a successful CEO, and to discover their current challenges and growth plans. 

Tom Wrenn, Managing Partner at ECI Partners, comments on the findings: 

“Businesses have contended with a wide range of new challenges in the last two years and strong leadership has been crucial to help businesses both survive and thrive. This is especially the case for tech CEOs, who have been at the forefront of the shift to remote working and digital transformation driven by the pandemic. With a high degree of continued growth potential within the sector, there is little surprise that tech CEOs plan to stay in position longer and make the most of these opportunities.” 

Exit plans 

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

When thinking about the future of their business, nearly two fifths (38%) of business leaders in the technology sector want to pass their business onto their leadership team to manage once they leave. 

However, over half (54%) do not currently have a succession plan in place. This suggests that whilst tech CEOs know what they want their succession plan to be, they need to take action to formalise it.   

Furthermore, when thinking about the future challenges their business faces, 31% cite implementing the post-Covid future of work as the biggest challenge ahead. Nevertheless, leaders are optimistic about the future, with 69% of tech CEOs saying their optimism is higher than this time last year. 

Tom Wrenn adds: 

“For businesses to continue to thrive in the long term, it’s essential that time is taken to fully consider a succession plan following the departure of their CEO and ensure that the new leadership team are all working to achieve the same goal. Without this cohesion, a business someone has spent years nurturing can quickly hinder its own growth potential.”

Recent Post: