July CEO Turnover Falls to Lowest Level of the Year

Departures among chief executive officers fell to the lowest level of the year in July, as 83 leadership changes were announced during the month.  This marks the slowest month for CEO turnover since last December, when 83 changes were also recorded, according to the latest report on CEO turnover released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

July CEO departures were down 16.2 percent from a June total of 99 and were 20.2 percent lower than the 104 CEO exits announced in July 2011.  Challenger has now tracked 692 CEO changes in 2012.  That is 2.5 percent lower than the 710 CEO departures recorded during the same period last year.

For the year, health care continues to see the heaviest turnover.  It leads all other sectors with 140 CEO changes in 2012, including an industry-leading 13 in July.  The government/non-profit sector saw 11 CEO changes last month, while computer and financial firms each announced 9 departures.

Read the full report here.

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