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India sees record-setting exodus of CEOs and MDs in post-Covid world: Report
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Vedanta finance chief Sonal Shrivastava quits, Ajay Goel of Byju's rejoins “It’s the continuation of a trend of rising quit rates that began more than a decade ago. Five main factors are at play in this trend: retirement, relocation, reconsideration, reshuffling, and reluctance," contends a Harvard Business Review article written in March 2022.
Data maintained by Russell Reynolds Associates indicates that global annual CEO rate turnover fell from 10% in 2020 to 8.9% in 2021. It reached a five-year high of 11.2% in 2022 and has also remained at elevated levels for the first three quarters of 2023.
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