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Boeing's CEO is out. Here are the 37 most dramatic exits in a record-breaking year for CEO departures.

Dennis Muilenburg

  • During the first three quarters of 2019, 1,160 CEOs left their positions, according to the staffing firm Challenger, Gray, & Christmas.
  • This figure exceeds the number of CEOs who departed during the same nine-month span at the height of the 2008 recession (which saw 1,132 CEO departures).
  • The tech sector has seen the second-highest number of CEO departures, with 154 executives in that industry leaving their positions.
  • In the first week of December, four CEOs announced their resignations: Susan Desmond-Hellmann at the Bill & Melinda Gates Foundation, Oscar Munoz at United Airlines, Larry Page at Alphabet, and Mark Okerstrom at Expedia.
  • The latest departure is Boeing CEO Dennis Muilenburg, who resigns amid fallout from two plane crashes that occurred under his tenure.
  • Visit Business Insider's homepage for more stories.

More than 1,000 CEOs stepped down during the first three quarters of 2019, according to a report published by the staffing firm Challenger, Gray, & Christmas — 1,160 executives, to be exact.

Departures in the first nine months of this year exceeded the number of CEOs who stepped down during the first three quarters of 2008 (1,132), which was the height of the Great Recession. This is also the year with the highest CEO turnover in the first three quarters that Challenger, Gray, & Christmas has seen since the firm began tracking departures in 2002.

The tech sector has the second-highest number of CEO departures, at 154, including the high-profile departures of Adam Neumann from WeWork and Kevin Burns from Juul.

December had a handful of major CEO exits, including Google cofounder Larry Page (who stepped down as CEO of Alphabet) and Away cofounder Steph Korey, who resigned after reports of toxic work culture. On Monday, Boeing CEO Dennis Muilenburg stepped down as the company continues to battle the fallout of the 737 Max crisis.

Of the chief executives who left their positions during the first three quarters of 2019, 438 remained at their respective companies in different roles, 292 retired, and 103 moved to other companies, according to the report, which listed several other reasons for departures as well.

Here are the 37 most noteworthy CEO departures of 2019 thus far:  

SEE ALSO: The WeWork IPO fiasco of 2019, explained in 30 seconds

DON'T MISS: The HR chief at $1.4 billion Away told us the company wants employees to bring their 'authentic selves to work.' But a bombshell investigation described a culture of bullying — and now the CEO is stepping down.

37. Dennis Muilenburg — Boeing

Read more: Boeing's CEO Dennis Muilenburg is out as the company continues to battle the fallout of the 737 Max crisis



36. Steph Korey — Away

Read more: Away CEO steps down days after investigation revealed she perpetuated cutthroat culture of bullying and burnout at the buzzy luggage startup



35. Susan Desmond-Hellmann — Gates Foundation

Read more: The CEO of Bill and Melinda Gates' multibillion-dollar nonprofit is stepping down



34. United Airlines — Oscar Munoz

Read more: United CEO Oscar Munoz is stepping down and transitioning to chairman in 2020, with president Scott Kirby taking his place



33. Expedia — Mark Okerstrom

Read more: Expedia's CEO, who replaced Dara Khosrowshahi, is resigning along with the company's CFO as part of a leadership shakeup



32. Alphabet — Larry Page

Read more: Alphabet CEO Larry Page and President Sergey Brin are stepping down



31. SoulCycle — Melanie Whelan

Read more: SoulCycle CEO Melanie Whelan has resigned, marking the end of a tumultuous year for the boutique fitness company



30. Gap — Art Peck

Read more: Gap CEO Art Peck is stepping down from the company



29. McDonald's — Steve Easterbrook

Read more: McDonald's CEO Steve Easterbrook was fired over a relationship with an employee



28. Wells Fargo — Tim Sloan

Source: Wells Fargo CEO Tim Sloan is retiring



27. David's Bridal — Scott Key

Source: Wall Street Journal



26. Overstock — Patrick Byrne

Read more: Overstock founder Patrick Byrne was seemingly involved in a web of intrigue that involved a Russian spy and the FBI

 



25. Under Armour — Kevin Plank

Read more: Kevin Plank is stepping down as CEO of Under Armour



24. Care.com — Sheila Lirio Marcelo

Source: Wall Street Journal



23. AutoNation — Carl Liebert

Read more: AutoNation replaces new CEO with a new CEO



22. PG&E — Geisha Williams

Read more: PG&E says CEO Geisha Williams steps down



21. Kraft Heinz — Bernardo Hees

Read more: Kraft Heinz CEO stepping down, Patricio named successor



20. Blue Apron — Brad Dickerson

Read more: Blue Apron is soaring after its CEO steps down



19. HP — Dion Weisler

Read more: The CEO of HP is stepping down 'due to a family health matter,' and will be replaced by an exec who started at the company as an intern



18. UnitedHealthcare — Steve Nelson

Read more: Interview with Retired UnitedHealthcare CEO Steve Nelson



17. Guess — Victor Herrero

Read more: Guess CEO Victor Herrero to step down

 



16. Mozilla — Chris Beard

Source: TechCrunch



15. Boingo Wireless — Dave Hagan

Source: Yahoo Finance



14. REI — Jerry Stritzke

Read more: REI leader resigns over undisclosed relationship



13. Bed, Bath & Beyond — Steven Temares

Read more: Bed Bath & Beyond has a new CEO 5 months after activist investors released a brutal presentation slamming the company's leadership



12. Mattress Firm — Steve Stagner

Read more: Mattress Firm Board of Directors Announces the Resignation of Chief Executive Officer



11. Warner Bros. — Kevin Tsujihara

Read more: Warner Bros. CEO Kevin Tsujihara is stepping down following a report alleging he had a sexual relationship with an actress and promised to help her get roles



10. Rite Aid — John Standley

Read more: Rite Aid CEO John Standley To Step Down, Shares Up



9. Burlington Stores — Tom Kingsbury

Source: MarketWatch



8. Best Buy — Hubert Joly

Read more: Best Buy CEO Hubert Joly steps down



7. New York Post — Jesse Angelo

Read more: News Corp Appoints Sean Giancola As CEO of New York Post



6. Colgate-Palmolive — Ian Cook

Source: Financial Times



5. MetLife — Steven Kandarian

Read more: MetLife names Khalaf CEO, Kandarian to retire



4. eBay — Devin Wenig

Read more: eBay CEO abruptly steps down as the company considers selling off assets



3. Juul — Kevin Burns

Read more: Juul's CEO steps down as the e-cig company says it will stop all advertising in the US



2. Nike — Mark Parker

Read more: Nike CEO Mark Parker steps down just hours after Under Armour's chief executive leaves his role



1. WeWork — Adam Neumann

Read more: The WeWork IPO fiasco of 2019, explained in 30 seconds



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Career - Best Life Insider: Boeing's CEO is out. Here are the 37 most dramatic exits in a record-breaking year for CEO departures.
Boeing's CEO is out. Here are the 37 most dramatic exits in a record-breaking year for CEO departures.
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