- During the first three quarters of 2019, 1,160 CEOs left their positions, according to the staffing firm Challenger, Grey, & 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 has seen the second-highest number of CEO departures, with 154 executives in that industry leaving their positions.
- In the first week of December, 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.
- The latest departure is Boeing CEO Dennis Muilenburg, who resigns amid fallout from two plane crashes that occurred under his tenure.
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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, Grey, & Christmas – 1,160 executives, to be exact.
Departures in the first nine months of this year 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. This is also the year with the highest CEO turnover in the first three quarters that Challenger, Grey, & Christmas has seen since the firm began tracking departures in 2002.
December had 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. On Monday, 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 thus far:
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
24. Care.com — Sheila Lirio Marcelo
Source: Wall Street Journal
23. AutoNation — Carl Liebert
AutoNation replaces new CEO with a new CEO
22. PG&E — Geisha Williams
PG&E says CEO Geisha Williams steps down
21. Kraft Heinz — Bernardo Hees
20. Blue Apron — Brad Dickerson
19. HP — Dion Weisler
18. UnitedHealthcare — Steve Nelson
17. Guess — Victor Herrero
Guess CEO Victor Herrero to step down
16. Mozilla — Chris Beard
15. Boingo Wireless — Dave Hagan
Source: Yahoo Finance
14. REI — Jerry Stritzke
13. Bed, Bath & Beyond — Steven Temares
12. Mattress Firm — Steve Stagner
11. Warner Bros. — Kevin Tsujihara
10. Rite Aid — John Standley
9. Burlington Stores — Tom Kingsbury
8. Best Buy — Hubert Joly
Best Buy CEO Hubert Joly steps down
7. New York Post — Jesse Angelo
6. Colgate-Palmolive — Ian Cook
Source: Financial Times
5. MetLife — Steven Kandarian
4. eBay — Devin Wenig
3. Juul — Kevin Burns
2. Nike — Mark Parker
1. WeWork — Adam Neumann
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