From Starbucks to Cartier, 2024 has been the year for naming new CEOs. But are CEOs prepared for what that change in leadership means for employee morale and operations?
According to career coaching firm Challenger, Grey & Christmas, 622 CEOs announced their resignations in the first quarter of 2024 — a 50% increase compared to the previous year. Household brands like Papa John’s, Victoria’s Secret, Hugo Boss and Walmart have appointed new CEOs, likely in a bid to move their businesses forward. However, changes to leadership at the very top of the C-suite will likely come with some growing pains.
