NO. 3
14 NOVEMBER
READING TIME
12 MINUTES
Saturday Insights
The week’s main story

New leaders are expected to carry the company through AI, yet outside technology the job ads barely ask for it

Only 6% of those surveyed think their senior leadership is fully prepared to lead the company through the changes AI brings, according to a Korn Ferry survey reported by Fortune on 7 November. We went through the requirements in 10,219 senior and deputy-level vacancies, all of them posted since 1 September: outside technology and finance, AI appears in the requirements of fewer than 5 in 100, and for finance leaders in 2 in 100.

From the editor

Mike Torchinsky, Editor-in-Chief

Founder of Torchinsky Executive Consulting and TOPHEADS. 25 years in executive search.

Hello!

This week everyone was talking about Jensen Huang leaving NVIDIA. What a senior executive should take from that story I have written up right after the main piece. The main piece is about something else. In the Korn Ferry survey that Fortune wrote about, almost nobody considers their senior leadership ready to lead the company through AI. We checked whether it is being asked of the leaders companies are hiring right now. Outside technology, it barely is. For a candidate that is good news: standing out is easier than it looks, and I write below exactly how.

Also in this issue: from 1 January Britain removes the cap on unfair dismissal awards, and in the podcast I go into why recruiters never reply to applications.

Mike
Heard this week When you run a cluster of tens of thousands of GPUs, mean time between failures is measured in minutes. Something breaks every minute. head of infrastructure, cloud computing, Europe Found a mistake? Come straight to us and say it plainly, and we close the matter together, without looking for someone to blame. head of legal, Middle East The brand sounds impressive, the CV looks perfect, and then you land in a toxic little swamp. general counsel at a financial firm
Main story

AI is in the requirements of 29 in 100 vacancies for technology leaders, fewer than 5 in 100 for the rest and 2 in 100 in finance

The survey by Korn Ferry, the executive search firm, which Fortune cited on 7 November, covered more than 1,300 heads of HR and senior executives from over 75 countries. Only 6% of them think their senior leadership is fully prepared to lead the company through the changes AI brings. In the Fortune piece Susan De La Vega of Korn Ferry advises starting at the top: leaders should learn the tools first. If companies agree with that, they ought to be asking the leaders they are hiring now for experience with AI.

Data from TOPHEADSWe took senior and deputy-level vacancies that we first saw between 1 September and 12 November, 10,219 in all. AI is mostly required of technology leaders: in 855 vacancies out of 2,956. For other senior leaders AI is written into the requirements in 252 vacancies out of 5,500. For chief executives that is 34 out of 997, for finance leaders 36 out of 1,763. Against July and August the shares have barely moved: for technology leaders it was 29.0 in 100 and is now 28.9.

AI is required of technology leaders more than six times as often as of other senior leaders

Share of senior and deputy-level vacancies in which AI is named in the requirements. Vacancies we first saw between 1 July and 31 August and between 1 September and 12 November 2026. The number of vacancies in each period is shown next to the group name.

Why that is. We see three explanations and could support only one with data. First: AI is handed to one person. Since 1 September we have come across 71 vacancies for a head of AI. That explanation we could not test on our data. Second: companies write about AI without making it a condition. In vacancies for other senior leaders AI appears in the text 730 times out of 5,500, almost three times as often as in the requirements. Third, the most likely and the one we cannot prove: companies still think AI is the technology function’s business and that the rest of the leadership will be asked later.

For a candidate outside IT. Hardly anyone asks for experience with AI, so whoever shows it stands out more than someone with a “digital transformation” line in their CV. For an employer. If the board talks about AI as strategy and the job description says nothing about it, the candidate will never know it is expected.

What we measure and what we don’t
What we measure
Senior and deputy-level vacancies at director level and above that we first saw on company career sites and job boards: 10,219 vacancies in the period from 1 September. The group is set by the words in the job title, and head-of-AI vacancies fall into the technology group. AI in the requirements means that the skills a language model extracted from at least one copy of the ad include AI, machine learning, generative AI, LLM or agentic.
What we don’t measure
What companies expect from a candidate in interviews and what they discuss with the board. We did not reread the AI vacancies by hand, so some matches may turn out to be a client’s industry rather than a requirement.
How I see it · Mike

I have long advised candidates to build a small project of their own with the AI tools we have now. You can say a hundred times that you can do it, or you can show it once. A site with pie recipes from around the world, say, where you pick the cuisine and the calories. You can put a thing like that together in a week, and it shows enthusiasm and a willingness to use new technology.

I was recently won over by a man who gathered open data on school and university baseball teams and built player breakdowns for coaches. Any intellectual work turned into an artefact is worth doing, and this goes for everyone, quants included. Since AI is barely required of leaders in job ads, anyone who can show something built with their own hands is noticed immediately.

The other side

Requirements in a job ad are often written to a template, and what the board really expects from a new chief executive is discussed in the meetings. If that is the case, our figure understates demand, and there is no way to test it from the ads.

Forecast · we check on 6 February 2027

My bet: if companies really do start at the top, then in senior vacancies outside technology and finance posted between 1 December and 31 January, AI will be in the requirements in at least 6 cases out of 100. Right now it is 4.6 in 100. Confidence about 30%.

We will check it with the same count. If it is 6 in 100 or more, I win; if it is 5 in 100 or less, I was wrong. If it lands between the two, I will say so: there is a shift, but smaller than I expected. The forecast from the first issue about bank finance leaders we check on 9 January 2027, and for now AI is required in 2 finance vacancies out of 100 across all industries together.

Sources: Fortune, 7 November · data from TOPHEADS, counted on 13 November.

Event of the week

On 8 November NVIDIA’s board said it had confidence in Huang; on 11 November it accepted his resignation

The board announced an independent review on 8 November, after press reports that the founder and chief executive may have been targeted by a foreign intelligence service. The same day Jensen Huang wrote to staff that he had been unfaithful to his wife, and acknowledged a relationship with a woman whom, according to press reports, US intelligence considers an agent of China. The board then expressed confidence in Huang and said it saw no reason to believe company secrets had been compromised. Three days later The New York Times reported a second relationship, with a company employee; we are not naming her. The board accepted Huang’s resignation from all posts on 11 November. The company gave no reason.

17

chief executive departures in the first nine months of 2026 were linked to allegations of misconduct, according to Challenger, Gray & Christmas, the firm that helps ousted executives find work. For the whole of 2025 the count was five, and for 2024 eight.

14

chief executives have lost their posts since 2016 specifically over consensual workplace relationships. The count was published on 11 November, before the departure was announced.

On 12 November, the day of the announcement, NVIDIA shares fell 4.34% and closed at $166.19. The same day AMD gained 5.86% and Broadcom 5.54%, while the indices barely moved. So it was the company itself being sold, and its competitors being bought that day.

NVIDIA’s board settled this in three days. Telling them about a relationship like that yourself, and early, costs less than explaining it after the newspaper has it. What your own code of conduct and contract say about such relationships is worth discussing with a lawyer: an employer’s rights differ from country to country.

Sources: NVIDIA, Form 8-K · TechCrunch, 8 November · TechCrunch, 12 November · Challenger, Gray & Christmas, 11 November · Yahoo Finance, 12 November.

Money

From 1 January a British executive can challenge a dismissal after six months, and the cap on the award is gone

In England, Scotland and Wales a claim for unfair dismissal can at present be brought after two years with the same employer, and the award is capped. From 1 January 2027 six months will be enough, and the cap on the compensatory award goes: the tribunal will count actual and future losses with no upper limit. After the same six months an employee can ask for written reasons for the dismissal.

What matters is the last day of employment: if it falls on 1 January or later, the new rules apply. If you are negotiating an exit now, work out with a lawyer where the end of the notice period lands: without the cap the employee’s position is stronger. The new rules do not extend to Northern Ireland.

Sources: SI 2026/559 · business.gov.uk, 30 July.

Contracts and the rules of the game

New York and California limit an employer’s right to claw a bonus back

In New York State, from 19 December 2026, agreements that require an employee to repay money for leaving before a set date become unenforceable. A signing bonus and relocation money can still be reclaimed if the person left of their own accord or was dismissed for misconduct, and if the job was described honestly. Where the role is made redundant there is no repayment.

In California a similar ban takes effect on 1 January 2027, but with conditions: a separate agreement, five working days to consult a lawyer, repayment without interest and pro rata, and a retention period of no more than two years. In New York the rule applies only to agreements entered into after 19 December 2026. If you are discussing a job offer in either state, go through what it says about repaying a bonus with a lawyer.

Sources: New York State Department of Labor · Cooley, 8 October.

Law for senior executives

From 1 December Britain stops counting allowances for those long on a work visa

  • Britain · 1 DecemberThe transitional arrangements end for people who have long been on a work visa (the former Tier 2) with the same employer: until 1 December, on an extension with that same employer, guaranteed allowances such as London weighting still count towards the salary. Without the allowances the salary may fall short of the threshold, in which case the filing date is worth discussing with a lawyer. GOV.UK
  • Also in the calendarIn Germany the bill that will make dismissing high earners easier is still in interministerial review: on a lawyer’s estimate the rules will not take effect before autumn 2028. On 5 November the British government announced that it will require employers to state the salary in job ads, but as of 13 November there is neither a text of the law nor a date for it. beck-aktuell, 12 November · People Management, 6 November
Moves

Three of this week’s five new chief executives came from the board or from the founders

Our list has five new chief executives; three came from the board or from among the founders, and both finance chiefs were hired from outside. Five cases in a week are not yet a trend.

  • NVIDIAchips, USA
    Interim CEO · Colette Kresschief financial officer since 2013, staying in that post. Harvey Jones, on the board since 1993, becomes the first chair in the company’s history
    internalfrom 11 November
  • HubSpotsales and marketing software, USA
    CEO · Brian Halliganco-founder, returning in place of Yamini Rangan. Karen Burgess of Adobe becomes chief financial officer
    internalfrom 12 November; Burgess from 11 February 2027
  • SiriusXMradio and audio, USA
    CEO · Anjali Sudhead of Tubi, on the SiriusXM board since March 2025
    from the boardfrom 1 January 2027
  • Goodyeartyres, USA
    Interim CEO · Roger Woodon the board since 2023, formerly co-chief executive of Tenneco
    from the boardannounced 9 November
  • Capri HoldingsMichael Kors, Versace, Jimmy Choo
    CEO · Justin Boxfordran luxury beauty at Estée Lauder
    externalfrom 4 January 2027
  • Binancecrypto exchange
    CFO · Justin Yekpreviously vice-president of finance at Airwallex; succeeds Kaiser Ng, who is leaving for his own venture; the handover was six months in preparation
    externalannounced 7 November

Sources: NVIDIA · HubSpot · SiriusXM · Goodyear · Capri · Reuters via Manila Times.

Trading

At crypto exchanges one open vacancy in seven is legal or compliance work; at high-frequency trading firms it is one in fifty

14.4%

of open vacancies at nine crypto exchanges are in law, anti-money laundering and compliance, that is keeping to the rules: 78 out of 543. Without OKX the share is almost the same.

1.9%

at 60 high-frequency trading and market-making firms: 23 out of 1,210.

A snapshot of the week to 13 November from our AlgoTradingMap, with no comparison against earlier weeks. The share includes vacancies for a head of UK legal at OKX, a deputy chief regulatory officer at Coinbase and market surveillance specialists at Kraken. In Britain, from 30 September until the end of February, crypto firms are filing licence applications. Whether the hiring is connected to that we do not know.

Sources: AlgoTradingMap data, counted on 13 November · FCA.

In brief

  • USAIt emerged on 10 November that IBM has stopped sponsoring work visas and green cards for most roles in IBM Consulting, which employs more than 150,000 people. Among our active American senior vacancies, a refusal to sponsor is stated outright in about one in twenty, and only a handful promise it. In 95 out of 100 vacancies visas go unmentioned: if you are an executive without a green card, look for that line before the first conversation. Al Jazeera, citing Reuters
  • MarketCaldwell, the listed executive search firm, reported on 12 November that client orders had fallen noticeably in the quarter from June to August, that demand stayed low in September and that new assignments rose sharply in October. Caldwell via Finanzwire
  • WorldOf the seven layoffs this week that we went through, only one named AI as the reason. Qantas is handing Accenture about 850 jobs in corporate functions, mostly to India, and ties that to its shift to AI. Vodafone is cutting about 2,300 jobs in Germany by March 2029, names the price war as the reason and mentions AI as part of the restructuring. The other five cite disposals, manufacturing, automation and reorganisation. None of them said which levels the cuts will reach. Mediaweek · connect.de
A rare seat

This week’s hunt: a chief statistician for an energy agency, an editor-in-chief for a medical journal and a Reuters bureau chief

Chief Statistician, International Energy Agency, Paris. This is the person responsible for the figures the whole energy market cites. The team is about 45 people. They ask for a degree in a quantitative field and at least ten years in senior roles in energy statistics. The ad states the pay: from €14,279 a month, and it is exempt from French income tax. A three-year contract, renewable. Applications close on 6 December.

Editor-in-Chief, The Lancet Psychiatry, London. The vacancy is at Elsevier, and what makes it rare are the requirements: a medical degree or a research degree with postdoctoral experience, and years of editorial work. Two editors report to the post. The journal has been published since 2014, and its editor decides which work on mental health doctors and policymakers will read. There is no figure in the ad.

Bureau Chief for Germany, Austria and Switzerland, Reuters, Berlin. Fluent German and English are required, as is experience managing an editorial budget. AI is in the requirements too: understanding the tools and taking responsibility for how they are used in the newsroom. Applications close on 23 November. Reuters is the only one of the three with AI in the requirements.

Sources: OECD, the IEA vacancy · RELX · Thomson Reuters, pages opened on 13 November.

Question of the week

I have a non-compete clause and I am not allowed to talk about my last job. How do I talk to a future employer?

Do not retreat into evasive answers. Say clearly which tools you command and where you are strong. Otherwise the conversation turns into an odd dance around the point, and sometimes the two sides never come to terms because each thinks the other came to extract something.

Describe the types of companies and the markets you have worked with, without naming employers. You can show results from a simulation on historical data, but check against the text of your agreement what exactly you are entitled to show.

The question comes from a recent conversation and is retold without the name. Send me your questions on LinkedIn. I never publish names.

Quiz of the week
New quiz

How well do you work with headhunters?

Twenty-three questions, about eight minutes, covering every stage of a search. At the end you will see the note a consultant would leave about you in their database: from “never call again” to “call first”.

Mike Torchinsky’s podcast
12 November · 14 min

The email that never comes: why recruiters go silent after an application and after an interview

Sent dozens of applications and heard nothing back? Mike goes into who reads a CV before any human does, and why there is no excuse for the silence.

Torchinsky Executive Insights comes out every week; stories from real searches, names removed. All episodes

What’s new at TOPHEADS

Skill Check shows which degrees and certificates are asked of senior executives

  • 12 NOVIn Skill Check, our tool on the site, there is now a certification block: which degrees and certificates, from an MBA to a CFA, are asked for in vacancies at director level and above. Open Skill Check
How we checked

Before publication, separate agents that did not write this text recounted the figures and opened the sources again. What goes to print is my decision. If you find a mistake, write to me: the correction will run in the next issue.

How we counted the TOPHEADS
  • Senior leaders and their deputies: vacancies at director level and above under the rules of our TOPHEADS 10,000 index, where the job title contains chief, CEO, CFO, COO, CTO, CIO, CMO, CRO, CPO, CHRO, CDO, CSO or CCO, from company career sites and job boards. One vacancy means one company-and-title pair; copies in different cities count once; the period is set by the date we first saw it.
  • Groups: technology, data and product; finance (CFO, finance, controller, treasurer); other senior leaders. Chief executives: CEO or chief executive in the title. Head of AI: chief AI officer and chief artificial intelligence officer, counted across all vacancies.
  • How the market works: 196 career sites on Greenhouse, Lever and Ashby that we have been collecting since June and that were live on 10 November.
  • Visas: active American senior vacancies with description text. A refusal is found through phrases such as “visa sponsorship is not available”, sponsorship through “we sponsor”. We dropped “able to sponsor”: it was matching inside “unable to sponsor”.
  • Trading: AlgoTradingMap, vacancies on company sites and at one job board in the week to 13 November; compliance and law by the words in the job title, vacancies at all levels. On company sites alone the shares are 13.0% and 1.9%.
  • Counted on 13 November 2026.

TOPHEADS Saturday Insights · No. 3 · Saturday, 14 November 2026 · Quote with a link to topheads.ai