Turnover among the nation’s chief executive officers surged in May as 104 announced their departures during the month. That is 10.6 percent higher than the 94 CEO exits in April, according to the latest report on chief executive officer turnover released Wednesday by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.
May departures were 5.1 percent higher than the same month a year ago, when 99 CEO changes were recorded. This marks the third time this year CEO departures were higher than the corresponding month a year earlier.
Through the first five months of 2013, 507 CEO departures have been announced, which is virtually unchanged at .07 percent from the 511 tracked over the same period in 2012.