CEO suites see slow traffic at exit gate, churn rate improves at NSE-listed cos
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A total of 117 managing directors or chief executive officers across 2,528 NSE-listed companies exited their positions as of December 20, according to data compiled for ET by primeinfobase.com. This compares with 129 exits across 2,235 companies and 142 exits across 2,021 companies in 2023 and 2022 respectively.
The churn rate stood at 4.6% as of December 20, improving from 5.8% and 7% in 2023 and 2022 respectively, the data showed.
Indian companies experienced high CEO exodus in 2022 as businesses bounced back after a muted 2020 and 2021 when challenges such as pandemic-induced lockdowns and remote work tempered the pace of changes at the top.
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