Executive turnover in April, 2015 was higher than in past months, but not significantly different. In the April Reports by ADP and Liberum Research Board of Director and C-suite positions showed a scattered picture for turnover. Liberum believes that executive turnover numbers will grow over the summer as the economy improves.
But, for the first time in a few years, Liberum reported a decline in turnover for most C-Suite and Board of Director positions. When April 2015 is compared to April 2014 declines in turnover occurred in the four key categories: CEO changes increased 7% while CFO changes declined 4%, other C-level changes declined 9%, and Board of Director changes declined 12%.
April 2015 to March 2015 comparisons found executive turnover was mixed. CEO changes declined 9%, CFO changes declined 5%, whereas C-level changes in total increased 2%. Board of Director changes increased 14%.
Once again the industries with the highest C-Level management changes were drugs/biotech, banking and energy. Specifically, these industries represented the highest level of change for CEO’s and Boards. For CFO’s business services, health care and manufacturing were the industries that represented the highest turnover.
Liberum has the largest database of C-level executive changes at public companies. For more information please contact Mr. Richard Jacovitz, SVP Director of Research (email@example.com). ADP offers benefit administration, human resource and retirement services for businesses of any size.