Average time to fill an executive search?

Question

How long does it usually take to fill an open executive position?

Answer 1

It totally depends on the situation. Sometimes there is someone waiting to take the position, and the 'vetting' process is already complete, and the position can be filled quickly. Other times, a position is vacated unexpectedly and there isn't anyone else qualified in the corporate structure, and the search is extensive and takes months. I'd say average time is 2 months, but that definitely takes into account the corporations that have a ready and waiting replacement. It can take up to a year, and even more, to replace the CEO or CFO of a large corporation.