- 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.
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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:
37. Dennis Muilenburg — Boeing
36. Steph Korey — Away
35. Susan Desmond-Hellmann — Gates Foundation
34. United Airlines — Oscar Munoz
33. Expedia — Mark Okerstrom
32. Alphabet — Larry Page
31. SoulCycle — Melanie Whelan
30. Gap — Art Peck
29. McDonald's — Steve Easterbrook
28. Wells Fargo — Tim Sloan
27. David's Bridal — Scott Key
Source: Wall Street Journal
26. Overstock — Patrick Byrne
25. Under Armour — Kevin Plank
23. AutoNation — Carl Liebert
Read more: AutoNation replaces new CEO with a new CEO
22. PG&E — Geisha Williams
Read more: PG&E says CEO Geisha Williams steps down
21. Kraft Heinz — Bernardo Hees
Read more: Kraft Heinz CEO stepping down, Patricio named successor
20. Blue Apron — Brad Dickerson
19. HP — Dion Weisler
18. UnitedHealthcare — Steve Nelson
17. Guess — Victor Herrero
Read more: Guess CEO Victor Herrero to step down
14. REI — Jerry Stritzke
Read more: REI leader resigns over undisclosed relationship
13. Bed, Bath & Beyond — Steven Temares
12. Mattress Firm — Steve Stagner
11. Warner Bros. — Kevin Tsujihara
10. Rite Aid — John Standley
8. Best Buy — Hubert Joly
Read more: Best Buy CEO Hubert Joly steps down
7. New York Post — Jesse Angelo
5. MetLife — Steven Kandarian
Read more: MetLife names Khalaf CEO, Kandarian to retire