Global marketsUpdated November 5

Semafor sees Walmsley’s hire in a wider CEO trend

Walmsley’s move from GSK to HP crosses industries, and Semafor says that kind of appointment is becoming more common as companies favor CEO experience over sector expertise. Nearly 30% of incoming S&P 500 CEOs over the past year had already been CEOs—double the historical average, according to Russell Reynolds data cited by Semafor. Walmsley spent nearly nine years running drugmaker GSK before HP tapped her to lead the PC maker. Semafor also reports that the head of CEO search firm Russell Reynolds said prior CEO experience can give boards a sense of security regardless of industry.

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Coverage started November 5