2023 has witnessed an unprecedented surge in CEO departures, surpassing 1,400 resignations from January to September, marking a nearly 50% increase compared to the previous year.
While the Great Resignation for regular workers has eased, CEO turnovers are on the rise as the world adapts to a post-crisis environment.
CEOs are leaving for new opportunities, retirement, and due to external pressures like economic challenges, inflation, and supply chain disruptions. Board evaluations also contribute to some CEO departures.
CEO departures tied to burnout, intense job demands, and unique mental health challenges, highlighting a gap in addressing executive well-being.