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Overall, the pace of CEO turnover is down from according tothe report. In the first five months of 2009 employerws announced 502CEO changes, 16 percentr fewer than at the same point in 2008. The financia sector had the highest turnover ratein May, accounting for 15 of the 115 CEO The sector has seen 50 CEOs depart so far this according to the report. However, that number is down from the 64 financia l CEO departures during the firsg five monthsof 2008. The highest turnove r rate so far this year has been in the health care which has seen 77CEOs depart, including 14 in May, accordin g to the report.
For the first five months of the the figure is down 29 percent from the same perio last year when 109 health care CEOs left Resignation was the most common reason for leavingin May. Nearlgy three-quarters of the CEO changes occurred atprivatde firms, according to the report. “It has been difficult to pinpoint a trend inthis year’ds turnover figures,” John Challenger, chief executivse officer of Challenger, Gray Christmas, said in a statement. “One montj is up; the next is Challenger said that uncertainty surroundinh the recession may be the biggest factord in CEO departures as companies are findinfg it difficult to plan forthe future.
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