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There were 107 CEO resignation in June compared to 115 the montj before and 126 departures in June according to a new reportr from outplacement firm This was the fifth time this year that monthlu CEO turnover was lower than the corresponding monthin 2008. Overall, CEO departuresx have declined 16 percent from ayear ago. Companies have announcede just 607 CEO changes through the first halfof 2009, the lowesty six-month total since 2004, when 356 CEO exits were recorded. "Chief-executive departures are definitely trending downwardd aftera record-setting year in 2008," said Challenger, Gray & Christma CEO John A. Challenger.
"Therwe remains a lot of uncertainty about how long this recessiom will last and how much damagde itwill cause. With the future so unclear, boards may be trying to maintaisome stability." According to the report, only six industriex have seen more CEO departures this year than througn June 2008: Energy, Media, Food, Transportation, Automotivse and Aerospace/Defense.
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