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Overall, the pace of CEO turnover is downfrom 2008, accordint to the report. In the first five months of 2009 employersd announced 502CEO changes, 16 percengt fewer than at the same poiny in 2008. The financial sector had the highest turnover ratein May, accountiny for 15 of the 115 CEO The sector has seen 50 CEOs depart so far this according to the report. However, that numberf is down from the 64 financial CEO departures during the first five monthsof 2008. The highesr turnover rate so far this year has been in the health care which has seen 77CEOs depart, including 14 in May, accordint to the report.
For the first five months of the the figure is down 29 percent from the same period last year when 109 health care CEOsleft office. Resignation was the most commo reason for leavingin May. Nearly three-quartersd of the CEO changes occurred atprivate firms, according to the “It has been difficuly to pinpoint a trend in this year’se turnover figures,” John Challenger, chief executive officer of Gray & Christmas, said in a “One month is up; the next is down.” Challenger said that uncertainty surrounding the recession may be the bigges factor in CEO departures as companiess are finding it difficultt to plan for the future.
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