CEO turnover reached an all-time high in August

    By: Nor Attisha on Sep 13, 2018

    Emma Hinchliffe writes, “Turnover among U.S. CEOs is at an all-time high—and more women are stepping in to take the reins.

    In August, 154 CEOs left their roles, according to a report by global outplacement consultancy and executive coaching firm Challenger, Gray and Christmas. The report tracks CEO turnover across companies of different sizes—from startup to Fortune 500—using SEC filings, corporate announcements, and media reports.

    August’s stat is the highest number of CEOs to leave in a single month since the firm started tracking turnover in 2002. The month with the second-highest turnover was September 2006, with 152 departures.

    August turnover is 64% higher than turnover in July, when 94 CEOs departed, and 60% higher than this time last year, when 96 CEOs left their posts. So far this year, a total of 879 chiefs have been displaced. Most of those changes in leadership were because the executive “stepped down,” followed by retirement, and resignation as the top three reasons given.”

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    Released: September 13, 2018, 3:28 pm
    Keywords: NAWL News


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