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The most CEOs are leaving their posts at US companies in at least 20 yrs

Dated: July 29, 2022 by Sharyl Attkisson 4 Comments

      

More CEOs have left their posts the first 6 months of 2022 than during any comparable period in at least 20 years.

That's according to the firm Challenger, Gray & Christmas, Inc.

The company says 774 CEOs have left their posts, up 20% from the 591 in the first half of last year.

The previous high was 728 exits announced in the first six months of 2006.

The following is an excerpt from Challenger, Gray & Christmas, Inc.

The number of CEO changes at U.S. companies fell 29% to 106 in June from 150 in May. It is 2% higher than the 104 CEO changes announced in the same month in 2021, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

Exits Rise Year Over Year

In the second quarter, CEO exits hit 379, up 13% from the 336 exits announced in the second quarter of 2021 and down 4% from the 395 CEO changes announced in the previous quarter.

So far this year, 774 CEOs have left their posts, the highest first half total since the firm began tracking monthly CEO changes in 2002. It is up 20% from the 591 CEO exits announced through June last year, and up 6% from the previous high of 728 exits announced in the first six months of 2006.

The labor market is still tight at the moment, despite increasing layoffs and a likely recession on the horizon.

Andrew Challenger, Sr. Vice President of Challenger, Gray & Christmas, Inc.

Read more here:

https://www.challengergray.com/blog/june-2022-ceo-turnover-report-exits-fall-slightly-in-june-but-ytd-up-20/

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About Sharyl Attkisson

Emmy-Award Winning Investigative Journalist, New York Times Best Selling Author, Host of Sinclair's Full Measure

Reader Interactions

Comments

  1. Jeff says

    July 29, 2022 at 10:32 am

    Is this because the CEOs are retiring at the end of their career or because larger companies are luring them away from smaller companies?

    Reply
  2. Phil says

    July 29, 2022 at 1:38 pm

    Yes, the CEO of Moderna has left and with a package worth over $750mm!! Nearly the amount we tax payors gave Moderna for their efforts against covid!!

    Reply
  3. MachEng says

    July 30, 2022 at 6:14 am

    That's because they are taking the money and running now that the democrats are going to tax the companies out of existence.

    Reply
  4. Lon Spector says

    July 30, 2022 at 11:51 am

    Learn to live off the grid.

    Reply

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