Has the Rapid Pace of CEO Changes Slowed? Quarterly Exits Down 25% from Q1
Turnover in the top position fell in June, as employers at U.S.-based companies announced 99 chief executive officer changes, 13% lower than the 114 CEO changes announced in May, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.
Last month’s total was 10% higher than the 90 CEO exits announced in the same month last year. June marks the fifth time this year that CEO changes were higher than the corresponding month one year earlier.
June’s turnover adds to the second quarter total of 310, 25% lower than the 416 CEO changes announced in the first quarter of last year, and 7% higher than the 290 changes tracked in the second quarter of 2018. It is the highest second quarter total since 2011, when 319 CEO changes were announced.