In 2023, U.S. companies saw a record 327 CEO changes, an 8.6% increase from last year, according to Challenger, Gray & Christmas. The high turnover reflects growing impatience among investors and boards over performance amidst a strong economy. Key exits included Intel’s Pat Gelsinger, Boeing’s Dave Calhoun, and Nike’s John Donahoe, with new appointees aiming to revitalize companies facing challenges like safety crises and stagnant growth. Consumer-focused firms, particularly Starbucks and Kohl’s, are experiencing notable leadership shifts, reflecting a broader trend of increased accountability in high-performing markets.
