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Global CEO departures hit record high in 2024 amid investor pressure

Global CEO departures hit record high in 2024 amid investor pressure


Published on 2025-01-29 17:20:49 - Reuters
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  • Chief executives of global companies left their jobs in record numbers last year, pushed by intense scrutiny from investors and pressure to keep up with change, according to leadership advisory firm Russell Reynolds Associates.

In 2024, global CEO departures reached a record high, driven by intense investor pressure for better performance and strategic changes, according to a report by Reuters. The year saw a significant turnover with 1,843 CEOs stepping down, surpassing the previous record set in 2019. This surge in CEO exits was influenced by economic challenges, including high inflation, rising interest rates, and geopolitical tensions, which have compelled companies to seek new leadership to navigate these turbulent times. The sectors most affected included technology, finance, and healthcare, where the demand for innovation and adaptation to rapidly changing market conditions was particularly acute. Additionally, the report highlighted that many of these departures were not just due to retirement but also due to forced resignations or mutual agreements to part ways, reflecting a broader trend of accountability and performance scrutiny at the top echelons of corporate leadership.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/global-ceo-departures-hit-record-high-2024-amid-investor-pressure-2025-01-29/ ]
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