US-based firms saw 159 changes of CEO in August 2019, a 28% MoM increase and the highest monthly level on record, according to data from executive coaching outfit Challenger, Gray & Christmas. The average change was for CEOs at US companies with more than 500 employees – up by almost 20% compared to July 2018. The report was followed by announcements this week that WeWork CEO Adam Neumann, eBay CEO Devin Wenig and Kevin Burns, the CEO of e-cigarette company Juul, have all resigned.
US-based firms saw 159 changes of CEO in August 2019, a 28% MoM increase and the highest monthly level on record, according to data from executive coaching outfit Challenger, Gray & Christmas. The rate put the number of CEO departures at 1,009 in 2019 through August, 2% higher than during the 2008 financial crisis, demonstrating a culture of heightened accountability as the longest period of economic expansion in US history slows down. The report was followed by announcements this week that WeWork CEO Adam Neumann, eBay CEO Devin Wenig and Kevin Burns, the CEO of e-cigarette company Juul, have all resigned.