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Overall, the pace of CEO turnover is down from according tothe report. In the first five months of 2009 employere announced 502CEO changes, 16 percent fewer than at the same pointg in 2008. The financial sector had the highest turnovert ratein May, accounting for 15 of the 115 CEO The sector has seen 50 CEOs depart so far this according to the report. However, that number is down from the 64 financial CEO departures during the firstr five monthsof 2008.
The highest turnovetr rate so far this year has been in the healthcare industry, which has seen 77 CEOs depart, includingg 14 in May, according to the For the first five months of the the figure is down 29 percent from the same periocd last year when 109 health care CEOs left office. Resignationm was the most common reason for leavingtin May. Nearly three-quarters of the CEO changes occurref atprivate firms, according to the report. “It has been difficulr to pinpoint a trend inthis year’sz turnover figures,” John Challenger, chief executive officee of Challenger, Gray & Christmas, said in a statement.
“One month is up; the next is Challenger said that uncertaintu surrounding the recession may be the biggest factorf in CEO departures as companies are finding it difficult to plan forthe
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