Market Highlights
Summer 2020 vs. 2019
Top Summer Management Changes 2020
External Hires
Internal Promotions
58 % 42 %
Robert Altfahrt-RiedlerCOOAllianz
Roman Cabálek Country ManagerDell Technologies
Joao Paulo Pereira da SilvaCEOAtalian
Petr Faltejsek General Manager CEEMEHills Pet Nutrition
Jan Kadaník Chairman of the Board CETIN Group
Iain Wetherall CFOKiwi.com
Jiří SchnellerBoard Member Česká exportní banka
Jaroslav Heran CEOMetrostav
(Alphabetical ly ordered by companies)
(Alphabetical ly ordered by companies)
2020 2019
External Hires vs. Internal Promotions:
Industries with the Highest Number of Changes:
Which roles changed the most?
TOP Summer changes
First Hot News from September
TOP Changes in Slovakia
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Prepared by:
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� IN JULY 2020, THE NUMBER OF SENIOR MANAGEMENT CHANGES was 2,78
% higher than in June 2020, however in August, the number of
changes decreased to one third compared to July
� BANKING HAD the highest number of internal promotions,
especially IT roles
� COMPANIES HIRED EXTERNALLY for General Management and Finance
Roles
� SIGNIFICANT INCREASE in the number of expats (13 % in the
summer compared to 5 % in the 1st half of 2020)
General Management
Finance
IT
HR
Sales
General Management
Sales
Marketing
Legal/Compliance
HR
1 1
2 2
3 3
4 4
5 5
2020 2019
Banking
Automotive
IT
Logistics
E-commerce
1
2
3
4
5
IT
Big4
Insurance
Automotive
Banking
1
2
3
4
5
Radek Hovorka Managing Director/CFOPenny Market
Pavel ČejkaCEORaiffeisen stavební spořitelna
Thomas Schaefer CEOŠkoda Auto
So far, the number of senior management changes remains the
same. In July, the number of changes was the same as last year.
Hirings in August were moved to September, so in August hiring fell
to one-third of previous
months.
Which industries were most active?During the summer, most senior
changes happened in Banking, mainly IT roles.
The second most active field in terms of senior management
changes was Automotive, where in 44% of cases, expats were placed.
We can hypothetically learn from the previous crisis of 2008, when
a study conducted on the 2500 largest companies showed that the
expected massive exchange of CEOs and top leaders took place
mainly in crisis-affected industries, then especially in the
financial sector.
Which roles were most hired in the summer?The most active
exchanges in senior management were in Financial roles.
75% of all financial directors were hired externally, outside
the field of business of the previous employer, which is a unique
trend. The reason is that companies expect a more economic -
business approach for analyzing not
only costs but especially for the development of new activities,
with more online and digital tools to ensure greater efficiency
than before.
More Expats The general trend of decreasing the number of expats
persists, but the increase compared to the first half was
by more than 10 %. The first reason is the exchange of expats in
the summer and September, as a general trend for moving their
children to school. From a business perspective, a more important
trend will be to move
expats as "internal promotions" instead of local hiring.
Dan Timotin CEOCoca-Cola HBC CZ/SK
Peter Halmo CEO Xerox CZ/SK
Martin Škop CEOCETIN
Cédric Francois CFOEdenred
Michal MarendiakBoard Member Generali
Martin Ľupták CEOSlovenská pošta
Juraj Jurčík CEOGenerali
Veronika Brázdilová Director CommercialOperations Vodafone
