CEO Departures Hit Record High in 2024

Nearly 2,000 CEOs have left their roles this year, driven by performance pressures, evolving challenges, and shifting leadership demands.

A record 1,991 CEOs announced their departures in 2024, the highest number since tracking began in 2002, surpassing the 2023 total of 1,914.
Publicly traded U.S. companies saw 327 CEO exits this year, including leaders from major firms like Boeing, Nike, Starbucks, and Intel.
Key factors driving CEO turnover include heightened accountability from boards, economic uncertainty, and the demand for leaders adept at handling complex issues like technology, sustainability, and geopolitical crises.
Shorter CEO tenures are becoming common, with many executives leaving within three years; emotional intelligence and adaptability are seen as critical traits for longevity.
Interim leadership is increasingly used as companies navigate uncertainty, while fewer executives are pursuing top roles due to high pressure and diminishing financial incentives.