In the first five months of this year, 668 CEOs left their posts, the highest total since the executive outplacement and coaching firm began tracking CEO changes in 2002. The total is up 24 percent from the 539 CEO exits announced in the same period of 2021.
Forty-seven hospital CEOs exited their roles in the first five months of this year. That’s up from 26 hospital chiefs who resigned in the same period last year, according to the report.
“Economic conditions, rising inflation, and recession concerns are making boards rethink leadership and leaders rethink if they want to take on these challenges,” Challenger, Gray & Christmas Senior Vice President Andrew Challenger said.
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.