CEO Churn at Record Levels
Controversy or not, it’s a pace not seen since 2002. The last big wave of CEO departures came in 2008, at the start of the financial crisis, according to the company’s data. From: Why have more than 1,300 CEOs left their post in the past year?
Chief executive turnover hit a record high in January 2020, according to a new report from Challenger, Gray & Christmas.
The executive coaching firm reports that 219 CEOs left U.S.-based companies in January 2020, 27% more than the previous monthly record of 172, set in October 2019. Compared with January 2019, when 157 departures were reported, CEO exits have jumped by 39.5%. According to Challenger, Gray & Christmas, exits have been trending upward since August 2018.