Turnover among the nation’s chief executive officers fell to its lowest level in 18 months, as 81 CEO changes were announced in October. That was down 27 percent from 111 CEO departures in September, according to the latest report on CEO turnover released Wednesday by global outplacement firm Challenger, Gray & Christmas, Inc.
October turnover was nine percent lower than the 89 CEO departures recorded the same month a year ago. It was the lowest monthly total since April 2009, when 78 CEOs left their posts.
For the year, the pace of CEO departures is virtually even with 2009. To date, 1,048 chief executive departures have been announced, up just slightly from the 1,028 departures announced by this point last year.
Read the full report here: http://www.challengergray.com/press/press.aspx