Finance

Boeing’s CEO is out. Here are the 37 most dramatic exits in a record-breaking year for CEO departures.

  • During the first three quarters of 2019, 1,160 CEOs left their positions, according to the staffing firm Challenger, Gray, & Christmas.
  • This figure exceeds the number of CEOs who departed during the same nine-month span at the height of the 2008 recession (which saw 1,132 CEO departures).
  • The tech sector has seen the second-highest number of CEO departures, with 154 executives in that industry leaving their positions.
  • In the first week of December, four CEOs announced their resignations: Susan Desmond-Hellmann at the Bill & Melinda Gates Foundation, Oscar Munoz at United Airlines, Larry Page at Alphabet, and Mark Okerstrom at Expedia.
  • The latest departure is Boeing CEO Dennis Muilenburg, who resigns amid fallout from two plane crashes that occurred under his tenure.
  • Visit Business Insider’s homepage for more stories.

More than 1,000 CEOs stepped down during the first three quarters of 2019, according to a report published by the staffing firm Challenger, Gray, & Christmas — 1,160 executives, to be exact.

Departures in the first nine months of this year exceeded the number of CEOs who stepped down during the first three quarters of 2008 (1,132), which was the height of the Great Recession. This is also the year with the highest CEO turnover in the first three quarters that Challenger, Gray, & Christmas has seen since the firm began tracking departures in 2002.

The tech sector has the second-highest number of CEO departures, at 154, including the high-profile departures of Adam Neumann from WeWork and Kevin Burns from Juul.

December had a handful of major CEO exits, including Google cofounder Larry Page (who stepped down as CEO of Alphabet) and Away cofounder Steph Korey, who resigned after reports of toxic work culture. On Monday, Boeing CEO Dennis Muilenburg stepped down as the company continues to battle the fallout of the 737 Max crisis.

Of the chief executives who left their positions during the first three quarters of 2019, 438 remained at their respective companies in different roles, 292 retired, and 103 moved to other companies, according to the report, which listed several other reasons for departures as well.

Here are the 37 most noteworthy CEO departures of 2019 thus far:  

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