CEO Turnover Surges In June To 113

The number of chief executive officer departures reached 113 in June, making it the heaviest CEO turnover month since May 2010 when 125 CEO changes were recorded, according to the latest report on CEO turnover released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The June figure marked a 9.7 percent increase from the 103 departures in May.  Last month’s total was up 5.6 percent from June 2010, when 107 CEO changes were announced.

June marked the end of a slightly more active quarter for CEO turnover.  For the three-month period ending June 30, a total of 319 CEO departures were announced, an 11 percent increase from the 287 departures announced in the first quarter.  The second quarter total was down 4.2 percent from the same period a year ago when 333 CEO changes were announced.

Challenger has now tracked 606 CEO changes so far this year, which is down 10 percent from the 673 departures recorded in the first six months of 2010.

Get the full report here:

http://challengergray.com/press/press.aspx

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