US-based firms announced 119 CEO changes in March, down 21.2% from February, up 6.3% year-over-year; 395 CEOs have left their posts year-to-date, up 29% from the same period a year ago: Challenger, Gray & Christmas

Sample article from our Housing & Economy

April 25, 2022 (press release) –

2022 Q1 CEO Turnover Up 29% YOY

First quarter CEO exits rose 29% from the same quarter in 2021, with 395. It is the highest quarterly total since Q1 2020, when 441 CEO exits were recorded, according to a report by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

In March, 119 CEOs left their positions, a 6.3% increase from the 112 CEO exits recorded in the same month last year. It is 21.2% lower than the 151 CEOs who left their positions in February. So far this year, 395 CEOs have left their posts, up 29% from the 307 who changed position in the first quarter of 2021. First quarter exits are up 14.2% from the 346 exits recorded in the final quarter of 2021. Related: March 2021 CEO Changes Jump To 112.

Challenger March 2022 Ceo Report Leader Departures By Quarter 2019 2021 2020 2022

“A high rate of Americans are quitting their jobs each month, and CEOs are no exception. Meanwhile, inflation concerns may have some boards looking to new leadership to weather the coming storm,” said Andrew Challenger, Senior Vice President of Challenger, Gray & Christmas, Inc.

Twenty-seven CEOs retired last month for a total of 92 so far this year, while 28 CEO stepped into other high-level roles within the company, usually as a Chair or advisor to the CEO. Another 8 CEOs left for new high-level roles within the company, usually as a Chair or advisor to the CEO. Another 8 CEOs left for new opportunities, for a total of 21. Related: February 2022 CEO Report: Exits Jump 42 percent.

Challenger March 2022 Ceo Report Leader Departures By Month 2019 2021 2020 2022

Females in the Top Spot
The rate of women taking over the incoming CEO role ticked up to 26% so far in 2022, up from 25% in the first quarter of 2021. Of outgoing CEOs, through March, 21% of the 395 CEOs who left their posts were women, compared to 16.3% of the 307 CEOs who left their posts in the first quarter of 2021. In all of 2021, 19.6% of CEOs who left their posts were women.

Industries with the most turnover
Government/Non-Profit entities led CEO turnover in March with 35, for a total of 91 so far this year. That is a 75% increase over the same period in 2021, when 52 CEOs left their posts in this sector.

Technology companies saw 38 CEO changes in the first quarter, up 27% from the 30 who left their posts in this industry in the first quarter of 2021. Health Care firms saw 34 CEOs leave their posts, down 17% from the 41 CEO exits in Q1 2021.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Jason Irving
Jason Irving
- SVP Enterprise Solutions -

We offer built-to-order housing & economy coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.