Dennis Muilenburg speaks throughout their annual shareholders assembly on the Discipline Museum on April 29, 2019 in Chicago, Illinois.Jim Younger-
Dennis Muilenburg speaks throughout their annual shareholders assembly on the Discipline Museum on April 29, 2019 in Chicago, Illinois.
Jim Younger-Pool | Getty Pictures
Boeing CEO Dennis Muilenburg is the newest casualty in a string of chief govt exits this yr.
Through November, 1,480 CEOs left their companies in 2019, in response to enterprise and govt teaching agency Challenger, Grey & Christmas. That is the very best quantity on report for the primary 11 months of a yr.
December has introduced different high-profile resignations together with the chief executives of United Airlines, Alphabet, Expedia, SoulCycle and Away, which might make 2019 the very best yr on report for govt departures.
Andy Challenger, vice chairman of Challenger, Grey & Christmas, mentioned there’s not one easy purpose for why so many departures have occurred this yr, however he would tie it to the U.S. being in its longest financial enlargement in historical past.
“A part of being in an incredible economic system is that it is a straightforward time to make transitions,” Challenger mentioned. “Persons are getting packages which are extra favorable, when shares are at an all-time excessive.”
The earlier highest whole yr on report was 2008, when 1,484 chief executives departed within the midst of the monetary disaster. The agency began monitoring CEO departures in 2002.
The overwhelming majority of CEO departures this yr have been from personal firms or…