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Corporate Boards Are Getting Younger Thanks to Retiring Boomers

The Great Resignation. The Big Quit. The Great Reshuffle. Call it what you want, but a spate of early retirements brought on by the pandemic helped make corporate boards younger.

According to Bloomberg ESG data, the average age of board members at Russell 1000 companies dropped to 61.8 years through Oct. 2022, down from a high of 62.5 years in 2019. The average age of US board members has now decreased for three straight years, reversing a decades-old trend that saw corporate boards consistently growing older.