September CEO Turnover Dips to 95

Turnover among the nation’s chief executive officers declined slightly in September as 95 CEOs announced their departures during the month.  The quarter ending with September saw the fewest CEO exits since the fourth quarter of last year, according to the report released Wednesday by global outplacement firm Challenger, Gray & Christmas, Inc.

September CEO departures were down 8.7 percent from 104 in August.  Last month’s total was 12 percent lower than the corresponding month a year ago, when 108 CEO changes were recorded.

Overall, the pace of CEO departures has slowed slightly from 2011.  So far this year, 891 CEO departures have been announced, including 282 in the third quarter.  The nine-month total is down 3.3 percent from the 922 CEO changes tracked by this point last year.  The third-quarter total is 2.1 percent lower than the previous quarter and down 12 percent from 316 CEO departures in the third quarter of 2011.  The third quarter total is the lowest since 256 CEO changes were recorded in the final quarter of 2011.

Click here for full report.

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