For the third consecutive month, turnover among the nation’s chief executive officers declined from last year’s pace, as 99 CEOs announced their departures in May compared to 103 in May 2011, according to the latest report on CEO turnover released Wednesday by global outplacement firm Challenger, Gray & Christmas, Inc.
While the number of CEO departures was lower than a year ago, the May total was up slightly from April, when 90 CEOs left their posts. Overall, a total of 510 CEO departures have been recorded so far this year, virtually even with the 493 CEO exits tracked the first five months of 2011.
Both health care and the government/non-profit sectors saw the heaviest CEO turnover in May with 19 changes each. The health sector leads all industries in CEO turnover for the year with 99, 39 percent more than the 71 health sector CEO changes through May of last year.