CEO Turnover Plummets 39% in April
Employers at U.S.-based companies announced 97 chief executive officer changes last month, 39.2% lower than the 135 CEO changes announced in March, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.
April’s total was 11% lower than the 109 CEO exits announced in the same month last year. In total, 513 chief executives have left their roles this year, up 14% from the 450 CEOs who announced their departures in the first four months of 2018.
“The churn we have been experiencing at the top since last August, with monthly totals well higher than average, seems to have cooled, at least for the moment,” said Andrew Challenger, Vice President of Challenger, Gray & Christmas, Inc.