California leads the U.S. in CEO departures

July 13, 2017

 

Across the nation, 95 chief executive officers have resigned their positions in June, up 18.7 percent from May when 80 resigned their positions.

California led the U.S. in CEOs exiting their jobs with 70 so far this year. Texas followed with 61, and New York came in third at 35 departures.

The departures statistics are part of a report issued by Challenger, Gray and Christmas, Inc., an outplacement consultancy firm.

All told, according to the report, 567 CEOs have left their positions in 2017, which is 9.1 percent fewer than the 624 who left their posts by this time in 2016.

The report stated that most CEOs stepped down to other positions, such as board member positions or as C-level executives. A total of 149 retired, while 97 resigned completely.

Government and nonprofit sector CEOs were the largest departures, while the healthcare industry was the second largest industry impacted. Financial and service firms ranked third for CEO resignations.

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