Finance
Global CEO departures hit record high in 2024 amid investor pressure
Published by Global Banking & Finance Review®
Posted on January 29, 2025
2 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 29, 2025
2 min readLast updated: January 27, 2026
In 2024, a record 202 CEOs departed due to investor pressure and sector changes, especially in technology. Activist investors and planned successions played key roles.
By Isla Binnie
NEW YORK (Reuters) - Chief executives of global companies left their jobs in record numbers last year, pushed by intense scrutiny from investors and pressure to keep up with change, according to leadership advisory firm Russell Reynolds Associates.
Some 202 CEOs left their posts in 2024, surpassing the six-year average of 186 and a 13% increase over the previous year, Russell Reynolds said in a report released late on Tuesday.
Among sectors, technology stood out with 40 CEOs leaving their jobs, 50% more turnover than the six-year average, it said. The firm started tracking CEO turnover in 2018.
Margot McShane, co-lead of Russell Reynolds' global board and CEO practice, said during CEO searches companies now increasingly asked for executives who could execute on their plans to change, but often did not have clarity on how to bring that about.
"It is only getting harder to be a CEO, where you're navigating uncharted territory," McShane said.
Some of these pressures are particularly high in technology, where the sector is experiencing profound change due to developments such as generative AI, the report said.
Activist investors have played a major role. They drove out 27 CEOs last year, nearly treble the number in 2020, the firm said, citing Barclays data.
Almost a quarter of the 2024 departures resulted from planned succession processes, which represented another record, the report said.
"Boards are looking ahead, grooming internal talent," said Helle Bank Jorgensen, founder of corporate advisory firm Competent Boards.
(Reporting by Isla Binnie; Editing by Chris Reese)
In 2024, 202 CEOs left their posts, surpassing the six-year average of 186.
The technology sector saw the highest turnover, with 40 CEOs leaving their jobs, a 50% increase over the six-year average.
Activist investors drove out 27 CEOs last year, nearly treble the number in 2020, indicating their significant influence on corporate leadership.
Almost a quarter of the CEO departures in 2024 resulted from planned succession processes, which is another record.
CEOs are navigating uncharted territory, facing intense scrutiny from investors and pressure to adapt to rapid changes, particularly in the technology sector.
Explore more articles in the Finance category
