CEO Turnover Report
Turnover among the nation’s chief executive officers fell to the lowest monthly total in over six years as 80 CEOs left their posts last month. That is down 12 percent from April when 91 CEO departures were recorded, according to a report released Wednesday by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.
Turnover among the nation’s chief executive officers fell in April, as 91 CEO departures were announced during the month. This is a 10 percent decrease from March when 101 CEO changes were recorded, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.
"Oftentimes, a second chief executive is brought on during a complicated situation, according to John Challenger, CEO of Challenger Gray & Christmas Inc., a firm specializing in employment and outplacement services. Other times, he said, someone is brought into the position as a recognition of the value they potentially bring to a complicated job. With two CEOs, responsibility is shared.