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There were 107 CEO resignations in June compared to 115 the montb before and 126 departures inJune 2008, accordingt to a new report from outplacemenf firm This was the fifth time this year that monthlyg CEO turnover was lower than the correspondiny month in 2008. Overall, CEO departures have declinec 16 percent from ayear ago. Companies have announced just 607 CEO changees through the first half of thelowest six-month total since when 356 CEO exits were recorded. "Chief-executive departures are definitely trending downward aftera record-setting year in said Challenger, Gray & Christmas CEO John A. Challenger.
"There remainse a lot of uncertaintt about how long this recession will last and how much damage itwill cause. With the future so unclear, boards may be trying to maintaihsome stability," Challenger said. Accordint to the report, only six industries have seen more CEO departuresw this year than throughJune 2008: Media, Food, Transportation, Automotive and Aerospace/Defense.
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