The new calendar year ushered in a changing of the guard, as more CEOs left their posts during the first quarter of 2023 since the same period in 2020—and it's the second highest first quarter CEO exits on record.
As many as 418 CEOs left their jobs in the quarter, up 6% compared with the first quarter of 2022 and 57% compared with the last quarter of 2022, according to a recent report from Challenger, Gray & Christmas, an executive outplacement and coaching firm. While February's CEO exits hit the highest number since before the pandemic began, turnover in March fell 17% month-over-month. Still though, March exits were up 18% compared compared to a year ago.
