Every Major CEO Stepping Down: 2020-2022 – Oct. 21, 2022

CEOs are stepping down at record-high rates. When you think about the macro factors applying pressure to companies these days, it makes sense why:

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• As a result of lockdowns, some companies lost all of their revenue while others benefited
• Employees, en-masse, decided they liked remote work better, forcing companies to go remote or hybrid
• People then started to rethink what they want out of work, leading to The Great Resignation
• Unprecedented money printing (quantitative easing, fiscal stimulus, PPP loans) drove up asset prices, then all-over prices (inflation)
• All along, millions of baby boomers are retiring regardless

These are major, major distortions in how companies operate all happening at once. If I was a 64-year-old CEO myself and all of a sudden my revenue was turned off, then my stock price went up, then the office went away, then my employees wanted to leave, then the stock price rolled over… I may just call it quits myself. I was planning to retire in a few years anyhow.

As a result, we’ve seen loads of CEO exits. According to a report from Challenger, Gray & Christmas, Inc….

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“In total, 395 CEOs left their positions during the first quarter of 2022—marking the highest quarterly total since Q1 2020, which had 441 recorded CEO exits.”

In this article, you’ll find every notable CEO stepping down since 2020. We looked at all Fortune 100 companies plus every other CEO exit at companies with 1000+ employees.

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CEOs Stepping Down