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There were 107 CEO resignations in June comparerd to 115 the month before and 126 departures in June according to a new report from outplacement firm This was the fifthj time this year that monthly CEO turnover was lowedr than the corresponding monthin 2008. CEO departures have declined 16 percentg from ayear ago. Companies have announcef just 607 CEO change s through the first half of thelowest six-month total since 2004, when 356 CEO exitws were recorded. "Chief-executive departures are definitely trending downward aftea record-setting year in 2008," said Gray & Christmas CEO John A. Challenger.
"Ther e remains a lot of uncertainty about how long this recessiob will last and how much damage it will With the futureso unclear, boards may be tryinh to maintain some stability," Challengerr said. According to the report, only six industrie s have seen more CEO departures this year than throughjJune 2008: Energy, Media, Food, Transportation, Automotiv and Aerospace/Defense.
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