Get access to the exclusive HR Resources you need to succeed in 2018.
Sign up for free email newsletters and get more SHRM content delivered to your inbox.
Is your employee handbook keeping up with the changing world of work? With SHRM's Employee Handbook Builder get peace of mind that your handbook is up-to-date.
Build competencies, establish credibility and advance your career—while earning PDCs—at SHRM Seminars in 14 cities across the U.S. this fall.
Gain the skills you need to rise to the next level in your career. Jon us at SHRM's Leadership Development Forum, October 2-3 in Boston.
Midyear total equals that of 2012
Members may download one copy of our sample forms and templates for your personal use within your organization. Please note that all such forms and policies should be reviewed by your legal counsel for compliance with applicable law, and should be modified to suit your organization’s culture, industry, and practices. Neither members nor non-members may reproduce such samples in any other way (e.g., to republish in a book or use for a commercial purpose) without SHRM’s permission. To request permission for specific items, click on the “reuse permissions” button on the page where you find the item.
June marked the end of a slightly less active quarter for CEO turnover. For the three-month period ending June 30, 292 CEO departures were announced—a 10 percent drop from the 309 departures announced in the first quarter of 2013. The second quarter total was virtually unchanged from the same period in 2012, when 288 CEO changes were reported. Challenger has tracked 601 CEO changes so far this year, which is equal to the departures recorded in the first six months of 2012.
The health care sector continues to see the heaviest turnover. It leads all other sectors, with 117 departures in 2013, including an industry-leading 24 in June. Of the 117 affected health care and medical-device companies, 74 CEO changes came from hospitals and hospital systems.
“Changes resulting from health care reform law, coupled with sequestration, which are resulting in funding cuts and lower Medicare reimbursements, could be the catalyst for leadership changes,” said John A. Challenger, chief executive officer of the firm, in a press statement.
Despite the volatile landscape in the health care sector, CEO turnover is actually down 7.8 percent from a year ago, when 127 CEO changes among health care organizations were recorded as of June.
Government and nonprofit organizations announced 21 CEO changes in June, bringing the six-month total to 78. The government/nonprofit sector has the second-highest turnover rate so far this year, followed by the financial sector, which has seen 73 CEO departures. Firms in the computer sector have witnessed 62 CEO changes in the first half of 2013, with eight in June.
Resignation continues to be the most cited reason for departures, with 23 in June and 172 for the year. It is followed by retirements at 121, 22 of which occurred in June. The number of chief executives stepping down (usually staying with the organization as chairman of the board, a director or in some executive capacity) is 111 so far this year, including 19 in June.
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Please sign in as a SHRM member before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
Join SHRM's exclusive peer-to-peer social network
SHRM’s HR Vendor Directory contains over 10,000 companies