107 CEOs Out In September, Highest Quarterly Total Since Q4 2008

Turnover among the nation’s chief executive officers declined slightly in September as 107 planned CEO departures were reported, down 5.6 percent from the 113 in August, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The September total was up 12.6 percent from the same month a year ago when 95 were recorded.  This marks the third consecutive month in which CEO changes outpaced the same month last year.

Overall, third-quarter CEO departures totaling 348 are up 23 percent from the 282 announced during the same three-month span in 2012.   It is the highest quarterly since 352 CEO changes were recorded in the fourth quarter of 2008, the year Challenger tracked the most CEO changes on record with 1,484.

Challenger has now tracked 949 CEO changes so far this year, 6.5 percent more than the 891 departures announced in the first nine months of 2012.

Get the full report here.


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