Gap’s CEO just stepped down. Here are the 30 most dramatic exits in a record-breaking year for CEO departures.
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 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, Gray, & Christmas has seen since the firm began tracking departures in 2002.
The tech sector has the second-highest number of CEO departures, at 154, including the high-profile departures of Adam Neumann from WeWork and Kevin Burns from Juul.
On October 22, the heads of Under Armour and Nike announced within hours of each other that they were stepping down. On November, the McDonald’s board voted to fire CEO Steve Easterbrook over his relationship with an employee.
Gap CEO Art Stepped down on Thursday after 15 years at the company. Gap board member Robert Fisher is serving as interim CEO.
Of the CEOs who left their positions, 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 30 most noteworthy CEO departures of 2019 (so far):
Read more: McDonald’s CEO Steve Easterbrook was fired over a relationship with an employee
Source: Wall Street Journal
Source: Wall Street Journal
Read more: AutoNation replaces new CEO with a new CEO
Read more: PG&E says CEO Geisha Williams steps down
Read more: Guess CEO Victor Herrero to step down
Source: TechCrunch
Source: Yahoo Finance
Source: MarketWatch
Read more: Best Buy CEO Hubert Joly steps down
Source: Financial Times
