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A Snapshot of Leadership Teams and Boards of the Top 50 Global CPG Companies


Global executive search and leadership consulting firm Spencer Stuart has released its first-ever comprehensive analysis at the composition of the leadership teams and boards of the global top 50 CPG companies (by market capitalization) during this year’s Consumer Goods Forum. The CPG Leadership Index, provides insight into how companies organize their top teams and the backgrounds of CEOs, leadership teams and boards.


CPG Leadership Index findings include:


Chief Executive Officers

  • CPG top 50 company CEOs have been with their companies for 22.6 years on average and have been CEO for an average of 5.3 years.
  • 20% of the CEOs are new to their roles, having been appointed between March 2018 and March 2019. Each one of these CEOs was internally promoted, with an average of 19 years at their respective companies.
  • Only 6% of the CEOs on are list are women.
  • 28% of CEOs are a different nationality than the company they lead.


Leadership Teams

  • The top 50 CPG company leadership teams have 12.8 members on average.
  • The CPG Leadership Index identified 644 senior leaders of these companies, 17.5% of whom are women.
  • 80% of the top 50 CPG executives have spent their entire careers in the industry.



  • Top 50 CPG company boards have 11.5 members on average. U.S. companies have the largest boards with 12.8 members on average, while Asian company boards are the smallest with 8.2 members on average.
  • All but two boards in our analysis have at least one female director, with women representing 28% of all board members.
  • 20 of the top 50 CPG board chairs are also the current CEO of their companies.


The CPG Leadership Index will prove to be a valuable resource as CPG companies assess the composition of their leadership teams and boards,” said Jonathan Harper, leader of Spencer Stuart’s global Consumer Packaged Goods Practice. “Moving ahead, this analysis will be even more compelling as we are able to provide year-to-year comparisons on critical pieces of data.”


This post was written and contributed by:

Spencer Stuart