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The 37 most dramatic CEO exits in 2019, a record-breaking year for executive departures

Adam Neumann WeWork Creator Awards
Adam Neumann resigned from his position as CEO of WeWork in September 2019. Jamie McCarthy/Getty Images for WeWork
  • During the first three quarters of 2019, 1,160 CEOs left their positions, according to the staffing firm Challenger, Gray, & Christmas.
  • This figure exceeds the number of CEOs who departed during the same nine-month span at the height of the 2008 recession (which saw 1,132 CEO departures).
  • The tech sector saw the second-highest number of CEO departures, with 154 executives in that industry leaving their positions.
  • In the first week of December 2019, four CEOs announced their resignations: Susan Desmond-Hellmann at the Bill & Melinda Gates Foundation, Oscar Munoz at United Airlines, Larry Page at Alphabet, and Mark Okerstrom at Expedia.
  • Boeing CEO Dennis Muilenburg resigned amid fallout from two plane crashes that occurred under his tenure.
  • Executive departures continued into 2020, with January 2020 setting a record for the most CEO departures in the US in one month — 219 in all.
  • Visit Business Insider's homepage for more stories.

More than 1,000 CEOs stepped down during the first three quarters of 2019, according to a report published by the staffing firm Challenger, Gray, & Christmas — 1,160 executives, to be exact.

Departures in the first nine months of 2019 exceeded the number of CEOs who stepped down during the first three quarters of 2008 (1,132), which was the height of the Great Recession. The year also had the highest CEO turnover in the first three quarters that Challenger, Gray, & Christmas has seen since the firm began tracking departures in 2002.

The tech sector had the second-highest number of CEO departures, at 154, including the high-profile departures of Adam Neumann from WeWork and Kevin Burns from Juul.

December 2019 saw a handful of major CEO exits, including Google cofounder Larry Page (who stepped down as CEO of Alphabet) and Away cofounder Steph Korey, who resigned after reports of toxic work culture. Boeing CEO Dennis Muilenburg stepped down as the company continues to battle the fallout of the 737 Max crisis.

Of the chief executives who left their positions during the first three quarters of 2019, 438 remained at their respective companies in different roles, 292 retired, and 103 moved to other companies, according to the report, which listed several other reasons for departures as well.

Here are the 37 most noteworthy CEO departures of 2019:  

36. Steph Korey — Away

Steph Korey NEW YORK, NY - JANUARY 13: Amanda E. Johnson, Charlotte Gould, Joe Malone, KJ Miller, Ajay Jori, Jen Rubio and Steph Korey win The Dreamers 2019 award at the 2019 NRF Foundation Gala at Sheraton New York Times Square on January 13, 2019 in New York City. (Photo by Jared Siskin/Patrick McMullan via Getty Images)
Steph Korey (right) at the 5th Annual NRF Foundation Gala at the Sheraton New York Times Square on January 13, 2019. Jared Siskin/Patrick McMullan/Getty Images

35. Susan Desmond-Hellmann — Gates Foundation

Susan Desmond-Hellmann
Lucy Nicholson/Reuters

32. Alphabet — Larry Page

Larry Page
Andrew Kelly/Reuters

30. Gap — Art Peck

Art Peck Gap Inc
Mark Lennihan/AP Images

29. McDonald's — Steve Easterbrook

Steve Easterbrook
Reuters

28. Wells Fargo — Tim Sloan

Wells Fargo CEO Timothy Tim Sloan
New Wells Fargo CEO Timothy J. Sloan is interviewed on the floor of the New York Stock Exchange, Wednesday, Nov. 13, 2013. Richard Drew/AP Images

27. David's Bridal — Scott Key

Scott Key David's Bridal with Vera Wang
Key with the designer Vera Wang. Cindy Ord/Getty Images

26. Overstock — Patrick Byrne

patrick byrne overstock
Founder and CEO of Overstock.com Patrick Byrne attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. ( Steven Ferdman/Getty Images

25. Under Armour — Kevin Plank

Kevin Plank
Brad Barket/Getty Images

24. Care.com — Sheila Lirio Marcelo

Sheila Lirio Marcelo Care.com
Alberto E. Rodriguez/Getty Images

23. AutoNation — Carl Liebert

Carl Liebert - AutoNation, 24 Hour Fitness
Chris Graythen/Getty Images

Read more: AutoNation replaces new CEO with a new CEO

22. PG&E — Geisha Williams

geisha williams
Paul Morigi/Getty Images for Fortune

Read more: PG&E says CEO Geisha Williams steps down

21. Kraft Heinz — Bernardo Hees

FILE - In this Sept. 5, 2014, file photo, H.J. Heinz Company CEO Bernardo Hees speaks at the preview for the opening of the H.J Heinz Co. exhibition at the Senator John Heinz History Center in Pittsburgh. Kraft Heinz says CEO Bernardo Hees will step down from the post and be succeeded by Miguel Patricio in July 2019. Patricio worked in various roles at Anheuser-Busch InBev over 20 years, including serving as chief marketing officer. (AP Photo/Keith Srakocic, File)
Keith Srakocic/AP Images

Read more: Kraft Heinz CEO stepping down, Patricio named successor

20. Blue Apron — Brad Dickerson

Brad Dickerson   CFO at Under Armour
Brad Dickerson. Under Armour

19. HP — Dion Weisler

Dion Weisler
Soon to be HP Inc. CEO Dion Weisler Business Insider/Julie Bort

18. UnitedHealthcare — Steve Nelson

UnitedHealthcare CEO Steve Nelson
UnitedHealthcare

17. Guess — Victor Herrero

LOS ANGELES, CA - JANUARY 31: Fashion designer and co-founder of Guess? Inc. Paul Marciano (L) and Victor Herrero at the Guess Spring 2018 Campaign Reveal starring Jennifer Lopez on January 31, 2018 in Los Angeles, California. (Photo by Rachel Murray/Getty Images for Guess, Inc.)
Rachel Murray/Getty Images

16. Mozilla — Chris Beard

CANNES, FRANCE - MAY 17: (L-R) Chris Beard Chief Marketing Officer for Mozilla, Gary Kovacs CEO of Mozilla Corporation, Actor Edward Norton and Producer Shauna Robertson pose during the Firefox Flicks competition winners ceremony on May 17, 2012 in Cannes, France. (Photo by Gareth Cattermole/Getty Images for Mozilla)
Gareth Cattermole/Getty Images

Source: TechCrunch

15. Boingo Wireless — Dave Hagan

David Hagan Boingo former-CEO
Richard Drew/AP Images

14. REI — Jerry Stritzke

REI former-CEO Jerry Stritzke
Kevin Wolf/AP Images

Read more: REI leader resigns over undisclosed relationship

12. Mattress Firm — Steve Stagner

IMAGE DISTRIBUTED FOR MATTRESS FIRM - Mattress Firm donates $1 million to further clinical trials for patients with pancreatic cancer to the Translational Genomics Research Institute (TGen) at the Seena Magowitz Golf Classic dinner in Championsgate, Fla., Thursday, May 14, 2015. Standing with the check are Roger Magowitz, left, Seena Magowitz Foundation Founder and Mattress Firm Foundation Executive, Mattress Firm CEO Steve Stagner, second from left, Dr. Daniel Von Hoff, center, of TGen, Mattress Firm President and Chief Strategy Officer Dale Carlsen, second from right, and Gary Fazio, Serta Simmons Bedding CEO and Honorary Chair for the Seena Magowitz Foundation Golf Classic. (Phelan M. Ebenhack/AP Images for Mattress Firm)
Phelan M. Ebenhack/AP Images

11. Warner Bros. — Kevin Tsujihara

Kevin Tsujihara
Warner Bros. Entertainment CEO Kevin Tsujihara arrives at Warner Bros. Pictures' 'Crazy Rich Asians' Premiere at TCL Chinese Theatre IMAX on August 7, 2018 in Hollywood, California. Emma McIntyre/Getty Images

10. Rite Aid — John Standley

John Standley Rite Aid
NACDSvid/YouTube

9. Burlington Stores — Tom Kingsbury

Tom Kingsburgy Burlington Stores
Delivering Good/YouTube

Source: MarketWatch

8. Best Buy — Hubert Joly

Hubert Joly
Hollis Johnson/Business Insider

Read more: Best Buy CEO Hubert Joly steps down

7. New York Post — Jesse Angelo

From-L-R: Jon Miller, CEO of digital media group, Eddy Cue, Apple vice president, Rupert Murdoch, News Corp. CEO, Jesse Angelo, editor of "The Daily" and Greg Clayman, Publisher of "The Daily" pose together during the launch of News Corporation's new iPad news publication "The Daily" in New York, February 2, 2011. REUTERS/Brendan McDermid (UNITED STATES - Tags: SCI TECH BUSINESS MEDIA)
Brendan McDermid/Reuters

6. Colgate-Palmolive — Ian Cook

ian cook colgate palmolive
David Karp/AP Images

5. MetLife — Steven Kandarian

Steven Kandarian
Metlife Executive Vice President and Chief Investment Officer Steven Kandarian attends a meeting of Group of 20 leading economies' finance ministers and central bankers in Mexico City February 24, 2012. Tomas Bravo/Reuters

Read more: MetLife names Khalaf CEO, Kandarian to retire

4. eBay — Devin Wenig

devin wenig ebay ceo
AP Photo/Frank Jordans

2. Nike — Mark Parker

Mark Parker
Mark Parker. Rick Bowmer/AP Images

1. WeWork — Adam Neumann

Adam Neumann
Getty

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