The CEO Health study recently published in Sweden sheds light on the crucial link between the CEO mental health and corporate performance. Despite CEOs typically starting their leadership roles in good health, the study uncovers a significant association between the declining mental well-being of CEOs and a subsequent negative impact on their company’s overall performance.
The study, conducted across 28 cohorts primarily consisting of smaller companies, reveals that a substantial decline in CEOs’ mental well-being is correlated with a relative 6% reduction in corporate performance compared to the average. This finding emphasizes the strong connection between CEO turnover and mental health, even when considering public performance indicators such as financial metrics. It underscores the importance of prioritizing the mental well-being of executives, as it directly influences business decisions and outcomes.
Why This Study Matters
While employee health affects various aspects of business performance, executive health has a direct impact on key decision-making processes. The CEO Health study emphasizes that the mental well-being of CEOs significantly affects both CEO turnover rates and corporate performance. It is important to acknowledge that mental health conditions, including anxiety, stress, and depression, do affect senior business leaders, with work frequently identified as a contributing factor. This underscores the urgency to address mental health concerns among executives and foster a supportive work environment.
Despite progress in destigmatizing mental health in the workplace, leaders, including CEOs, still face challenges in openly discussing their mental well-being. Executives are responsible for the health and well-being of their employees, yet limited support is available to them.
The CEO Health study reveals that mental health issues are still present among Swedish leaders, even in a country known for its excellent healthcare and work-life balance. This highlights the need for proactive measures to address these concerns.
At ExecuThrive, we recognize that a decline in mental health can have detrimental effects on the overall performance of leaders and their organizations. Our mission is to ensure that executives have the resources and support needed to build resilience and effectively manage their mental health before it negatively affects business performance. By providing a safe space for executives to express their challenges and concerns, the associated stigma is reduced, and an environment of well-being thrives.
ExecuThrive Offers a Solution
ExecuThrive understands the unique demands placed on executives and the subsequent impact on personal and professional life. Recognizing the importance of executive well-being, ExecuThrive provides a groundbreaking well-being concierge service tailored specifically for executives.
With a comprehensive range of services delivered by specialists experienced in executive well-being, ExecuThrive offers personalized assessments and roadmaps for achieving peak physical, mental, and emotional leadership performance. By prioritizing executive well-being, ExecuThrive enables leaders to excel in their roles, support their teams, and maintain a healthy work-life balance. Investing in well-being not only benefits executives personally but also enhances employee retention and productivity within organizations.