CEOs May Be Nervous as Lego, Securitas Turn to Youth
There's a youth movement taking hold at the top of some European companies. Securitas AB, Sweden’s biggest security company, is replacing its chief executive officer with a 43-year-old insider almost two decades younger than the incumbent. That came hot on the heels of an announcement by closely held Lego A/S that after just eight months its 61-year-old CEO will make way for an executive 10 years younger. The changes may ruffle a few feathers in Europe’s C-suite; 17 percent of the top bosses in the Stoxx 600 Index are over the age of 60, according to available Bloomberg data.