CEO Turnover Highest in 12 Months
The first month of the new year saw the highest turnover among chief executive officers since the previous January as 113 CEOs left their posts during the month. The January total is up 9.7% over December when 103 CEOs departures were announced, according to the latest report on CEO turnover from global outplacement firm Challenger, Gray & Christmas, Inc.
The 113 CEO changes recorded last month were 10.3 % fewer than January 2012, when 126 CEOs left their posts.
Healthcare products manufacturers and hospitals saw the heaviest CEO turnover in January with 23 departures. Healthcare was followed by the computer industry, where 13 CEO changes were announced, and financial firms, with 12 CEO changes.
Government and nonprofit entities had 10 CEO changes, while retailers, pharmaceutical/biotech firms, and energy companies each saw six CEO departures.
Thirty CEOs cited resignation as their reason for leaving the top job, while 25 stepped into other roles with the company, typically as a board member or other C-level executive. Another 24 CEOs retired from their positions, while 13 found new positions in other companies.
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