148 chief executives left their posts in November, according to business and executive coaching firm Challenger, Gray & Christmas.
Chief executives from Alphabet, United Airlines, Expedia and SoulCycle said farewell in recent weeks.Emmanuel Dunand | AFP | GettyImagesIn November, 148 chief executives left their posts, according to business and executive coaching firm Challenger, Gray & Christmas. Only five more CEOs need to depart for 2019 to be the highest year on record, and we already know of a few CEOs out in December.
Alphabet, United Airlines, Expedia and SoulCycle are just a few of the companies that lost their chief executive officers in recent weeks, continuing the record-setting pace of exits this year by the heads of U.S. businesses. "Several factors are contributing to the high rate of CEO turnover. One is a strong economy, and high demand for C-level skills are attracting CEOs to new positions. Another is the ongoing uncertainty surrounding trade and regulations while emerging technologies continue to disrupt almost every industry," said the firm's vice president, Andrew Challenger.
Through November, 1,480 chief executives left their companies in 2019, which is the highest number on record in the first 11 months of a year. The highest total year on record was in 2008 when 1,484 CEOs departed when the economy was embroiled in the financial crisis. In The firm started tracking CEO departures in 2002.
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