CEO Turnover Surge: Boards Struggle with Succession Planning
Update: 2025-11-18
Description
CEO Turnover Surge: A Call for Proactive Succession Planning - The corporate world is witnessing a high rate of CEO departures, with Doug McMillons recent retirement from Walmart. Factors like retirement, investor pressure, and disruption fatigue are driving this trend. Boards are scrambling to ensure stability, with 174 global CEOs stepping down in Q3 2025 and 50 in the S&P 500. Internal promotions are declining, and 88% of new CEOs are first-timers. Experts advise boards to adopt a proactive, continuous approach to succession planning, treating it as a crucial risk management strategy.
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