2010 brought in the lowest rate of CEO turnover in 15 years, but somehow the landscape has shifted in the first three quarters of 2011. The spike of CEO turnovers in 2011 may mean better things for the future of our business climate.
According to The San Francisco Chronicle, companies retain chief executives in difficult economic times. A change-up would most likely add unnecessary stress to an already unstable corporate environment. But, when companies become more confident and ready to start growing again, they become open to recruiting new talent and installing a new chief executive.
Since the beginning of 2011, the rate of CEO turnovers has risen from 10 percent to 13 percent. This is the highest rate since 2005.
Here’s a list of some of the notable companies who have overseen a CEO changeover this year:
- BNY Mellon
- Advanced Micro Devices