Turnover Drops in February, But Remains High: 124 CEOs Out in February

CEO Changes Remain High

Employers at U.S.-based companies announced 124 chief executive officer changes last month, 9.7 percent higher than the 113 CEO changes announced in February 2018, according to a report released Wednesday by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.

February’s total was 21 percent lower than the 157 CEO exits announced in January. So far this year, 281 CEOs have left their posts, 14.7 percent higher than the 245 CEOs who left their posts through February last year.

“Companies are making changes to their leadership in light of economic uncertainty, a war for talent, and changes to consumer behavior. Chief executives have ample opportunities at the moment,” said Andrew Challenger, Vice President of Challenger, Gray & Christmas, Inc.

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