This paper analyzes the aggregate properties of the network formed by chief executive officers (CEOs), measures individual position on this network, and explores its relation to CEO turnover and new CEO selection. I find that individual connectedness matters, more so in the choice of a new CEO, but also in whether a CEO departs from a current job. Connnectedness makes CEOs more likely to depart from their current positions. Outside CEO hires are likely to be well connected. New CEOs with central network positions receive significantly higher levels of compensation. Firms that hire well-connected new CEOs tend to be bigger, have more board members and higher proportion of outside directors. The results show no evidence that there are relations between the firm performance change surrounding turnover incidences and the incumbent or successor CEO's network position.