CEO exits are on pace for a record year, with 1,160 chief executives leaving their posts through September, according to Challenger, Gray & Christmas.
CEO departures are on pace to hit the highest level on record this year, according to business and executive coaching firm Challenger, Gray & Christmas.The technology sector announced the second-highest number of CEO changes this year, 159, which is 21% higher than last year at this point.Chief executives are leaving their posts at a record pace this year.
"Coming off a decade-long expansion, companies that started and developed during this period find themselves needing new leadership to continue to grow," said Andrew Challenger, Vice President of the firm. Notable CEOs that left in September were WeWork's Adam Neumann, Juul CEO Kevin Burns, and eBay president and CEO Devin Wenig.The technology sector announced the second-highest number of CEO changes this year, 159. That number is up 21% from the number of tech CEOs out of the job last year through September.
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