The first month of the new year saw the highest turnover among chief executive officers since the previous January as 113 CEOs left their posts during the month. The January total is up 9.7 percent over December when 103 CEOs departures were announced, according to the latest report on CEO turnover released Thursday from global outplacement firm Challenger, Gray & Christmas, Inc.
The 113 CEO changes recorded last month were 10.3 percent fewer than January 2012, when 126 CEOs left their posts.
Health care products manufacturers and hospitals saw the heaviest CEO turnover in January with 23 departures. Health care was followed by the computer industry, where 13 CEO changes were announced. Financial firms announced 12 CEO changes, including E-Trade Financial’s Frank J. Petrilli, who stepped down as CEO but will remain with the company as Board Chairman.
Government and non-profit entities had 10 CEO changes, while retailers, pharmaceutical/biotech firms, and energy companies each saw six CEO departures.