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Agenda-setting intelligence, analysis and advice for the global fashion community.

When Is the Right Time for Executives to Retire?

In the US, election year politics have fueled a nationwide obsession with aging. Assuming age dictates a person’s ability to perform is a mistake, experts say, but so is avoiding tough conversations about succession.
In the US, the average fashion retail chief executive is 58.5 years old, less than a decade from the average retirement age of 65, according to Kirk Palmer Associates.
In the US, the average fashion retail chief executive is 58.5 years old, less than a decade from the average retirement age of 65, according to Kirk Palmer Associates. (Getty Images)

When Mark Cohen retired from his role as director of retail studies at Columbia Business School last month at the age of 75, he was confident he was far better at the job than when he started his career as a professor in 2006.

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About the author
Sheena Butler-Young
Sheena Butler-Young

Sheena Butler-Young is Senior Correspondent at The Business of Fashion. She is based in New York and covers workplace, talent and issues surrounding diversity and inclusion.

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