According to factual data, the average age of a member of top management is 56 years. This is an approximate standard across all industries and can fluctuate up or down depending on the nature of the company. For example, technology companies tend to have younger leadership, while manufacturing companies tend to have an older bias. According to the analysis, the average age of a member of top management is 54 years and the average term of office is 5.3 years.
CMOs in the life sciences and professional services sectors have the highest average age (5 years); CMOs in the consumer sector have the lowest average age (50).