CEO Turnover Report
"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.
The pace of chief executive officer departures continue to slow in July as 92 CEOs left their posts. That was down 5 percent from 97 in June and 28 percent lower than the 128 who left their posts in July of last year, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.
The pace of chief executive officer departures slowed to the lowest level since February, as 97 CEOs left their posts in June. That was down 3 percent from 100 in May and 5 percent from the 102 who left their posts in June of last year, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.