Figure 1
A line graph depicting the relationship between the number of ASX listed CEO announcements and the ASX all Ords from January 2019 to December 2021. The horizontal axis represents the timeline from January 2019 to December 2021, while the vertical axis on the left represents the ASX all Ords values ranging from 3,000 to 8,000, and the vertical axis on the right represents the number of CEO appointments ranging from 0 to 30. The graph includes three labeled periods: Pre-pandemic, Pandemic-shock, and Pandemic-normal. The blue line represents the ASX all Ords, and the orange line represents CEO appointments. During the Pre-pandemic period, the ASX all Ords shows a steady increase, while CEO appointments fluctuate. In the Pandemic-shock period, there is a sharp decline in the ASX all Ords, followed by a reactive increase in CEO appointments. In the Pandemic-normal period, the ASX all Ords recovers, and CEO appointments show periodic spikes around reporting periods.CEO appointments and the ASX share market (all ordinaries), 2019–2021. Note: This figure depicts the relationship between the number of ASX listed CEO announcements and the ASX all Ords across 2019–2021 and shows the three focal periods: pre-pandemic, pandemic-shock and pandemic-normal. There is a reactive response to the sharp all Ords decline with an increase in CEO appointment announcements. Pandemic-shock and pandemic-normal show as the ASX all Ords recovers, companies respond around reporting periods with CEO changes indicative of a forward focus.