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A year of CEO exits
Becker's Healthcare December 11, 2024
It has been a record year for CEO exits in 2024, according to Challenger, Gray & Christmas.
As of October, more than 1,800 CEOs across industries resigned or retired in 2024, up 19% from 2023, the firm reported Nov. 26. This is the highest year-to-date total the firm has seen since it began tracking CEO changes in 2002.
Hospitals saw 90 CEO exits as of October, compared to 126 in 2023, according to the report.
One reason for the turnover is the lingering effects of the COVID-19 pandemic, Andy Challenger, senior vice president of the firm, recently told CBS News. Organizations may have been hesitant to make leadership changes during the pandemic, which “created some pent up demand for change,”...
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