Despite some slowdowns in a few sectors, C-level turnover for June 2014 continues to be in sync with positive news in overall job growth and modest declines in unemployment rates. CEO turnover June 2014 versus June 2013 declined by 14%, CFO turnover in the same period rose by 10% and combined C-level and Board of Director turnover declined 15%. Month to month changes - May 2014 versus June 2014 were as follows: CEO turnover declined 23%, CFO turnover declined 27%, overall C-Suite turnover declined 20% and Board of Director turnover declined 12%.
Executive turnover activities break down as follows:
Overall, the turnover trend has been one of consistency for North American public companies. Despite the summer being traditionally a slower time for executive turnover, we anticipate that we'll see fairly steady activity for the summer and early fall.