THE CHANG
PEOPLE | CEO SUCCESSION
CEO HI
WRITTEN BY : KATE BIRCH
TO THE T
There is no doubting the CEO exodus . Chief executive departures hit a 20-year high in the first half of 2022 , with 668 chiefs leaving their roles at US firms between January and May 2022 . This marks the highest total of CEO departures in this period since 2002 , when metric tracking began , and is 24 % higher than in the same period last year .
“ The CEO exodus continues ,” says Andrew Challenger , SVP , Challenger , Gray & Christmas , attributing the shifts to current economic conditions – rising inflation , recession concerns , and re-evaluation of priorities post-pandemic .
Amid current geopolitical and economic changes , the ‘ Great Resignation ’ phenomenon has impacted CEOs just as much as any other leadership role , Claire Skinner , Head of
42 November 2022