Turnover among chief executive officers slowed in March, as 94 departures were announced during the month, compared to 104 in February. Overall, CEO turnover through the first quarter is up 18 percent from a year ago, according to the latest report on CEO departures released Wednesday by global outplacement firm Challenger, Gray & Christmas, Inc.
The 94 CEO changes recorded last month were five percent lower than the 99 in March 2011. This marks the first time this year that monthly CEO changes were lower than the corresponding month a year earlier.
So far this year, a total of 321 CEO changes have been announced, up from 287 in the first three months of 2011. The first-quarter total is up 25 percent from the final three months of 2011 when 256 CEO departures were announced.
Health care experienced the heaviest turnover in March with 19 CEO changes. It leads all sectors for the year with 63 total departures, a significant (66 percent) increase from the 38 departures recorded by this point last year.
Read the full report here.