April CEO Turnover Reaches 90

Ninety chief executive officers announced their departures in April, including Brian Dunn, who abruptly resigned as CEO of retailer Best Buy amid a probe into his personal conduct.  Dunn is the fourth CEO this year to exit under a cloud of scandal, according to the latest report on CEO turnover released Wednesday by global outplacement firm Challenger, Gray & Christmas, Inc.

April CEO turnover was down slightly from March, when 94 departures were recorded.  Last month’s total was 13 percent lower than the 103 CEO changes tracked in April 2011, marking the second consecutive month in which CEO changes were lower than the corresponding month a year earlier.

Despite the April decline, CEO turnover for the year is slightly ahead of last year’s pace.  Through the first four months of 2012 a total of 411 CEO changes were announced, a 5.3 percent increase from 390 over the same period in 2011.

Read the full report here.


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