After providing steady hands through much of the pandemic, longtime CEOs are now boxing up their corner office, making room for new leaders to navigate an uncertain future. Turnover among chief executives, already on the rise, hit a five-year high last year, according to a Russell Reynolds Associates analysis of 1,560 companies.
The leadership advisory firm's latest index of CEO turnover found that 175 CEOs left their posts in 2022, a 30% increase compared with 2021 and up 13% compared with the next highest year, 2018. The index looked at more than 1,500 companies listed on the world's leading stock indices, like the S&P 500, Nikkei 225, FTSE 350, and Euronext 100. The analysis did not take into account interim, acting, or designated CEOs.
