October marked the highest month on record with 172 chief executives leaving their posts, according to business and executive coaching firm Challenger, Gray & Christmas.
CEO departures hit a record high for the year with 1,332 U.S. based companies announcing CEO departures through October. This is the highest year-to-date level since the firm started tracking in 2002 and higher than during the financial crisis. This year is on pace to have the most departures on record.
"October was marked by a number of high-profile CEO exits, with many being held accountable for various missteps, whether in their professional handling of the company or in their personal lives," the firm's Vice President Andrew Challenger said in a note to clients.
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