Stepping up: What COOs will need to succeed in 2023 and beyond
How many of us can name a famous COO? The role of the COO was low profile to begin with, and in the early 2000s, a trend toward flatter organizations and more hands-on CEOs took hold. In 2000, 48 percent of Fortune 500 and S&P 500 companies had a COO1 ; by 2018, that number had dropped to an all-time low of 32 percent.
But COOs are making a comeback. As of 2022, 40 percent of leading companies had a COO, with the financial and energy sectors leading the way at 48 percent. Furthermore, the role itself has changed-it's bigger, bolder, and more transformative than ever.
Stepping up: What COOs will need to succeed in 2023 and beyond
| McKinsey & Company |
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| Stepping up: What COOs will need to succeed in 2023 and beyond |
| Chief operating officers are making a comeback--and the role is bigger, bolder, and more transformative for business operations than ever. |
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Don Dea FASAE
Board Chair
Guide Dog Foundation for the Blind, Inc and America's Vet Dogs
Santa Monica CA
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