More CEOs nationwide left their jobs in February than any month since 2020, according to a new report from outplacement firm Challenger, Gray & Christmas.
Here are seven things for ASC leaders to know about February's record-high departure rates:
1. The number of CEO changes reached 167 in February, up 49 percent from the month before.
2. February's departure total is up 11 percent from one year prior.
3. February saw the most CEO departures since January 2020, when 219 CEOs left their posts.
4. Healthcare saw the second most CEO exits of any industry, with 18 hospital CEOs making an exit in February. A total of 41 hospital CEOs left in the first two months of 2023, up 58 percent from the same period last year.
5. The government/nonprofit sector saw the most CEO exits in February, while the financial industry saw the third most exits.
6. Sixty-eight CEOs retired in the first two months of the year, 47 stepped down, 16 found new positions in the same company, 10 saw interim terms end and four were terminated from positions.
7. Female representation in the C-Suite was at an all time high in January and February, with 31 percent of new CEOs being women and 26 percent of all CEOs being women, up from 23 percent in 2020.