In 2024, a record 202 chief executives departed from their positions, according to Russell Reynolds Associates, marking a 13% increase from the previous year and surpassing the six-year average of 186. The technology sector was particularly affected, with 40 CEOs leaving. Activist investors played a significant role, ousting 27 CEOs, nearly three times the number in 2020. Additionally, almost a quarter of the departures were due to planned succession processes, indicating a shift towards grooming internal talent. Margot McShane, co-lead of Russell Reynolds’ global board and CEO practice, said: “It is only getting harder to be a CEO, where you’re navigating uncharted territory.”
Global CEO exits hit record high
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