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Key Findings:
33 CEO departures through H1 2024 versus 50 in all of 2023
Five appointed CEOs in 2024 so far are women versus eight in all of 2023
34.4% of appointed CEOs in 2024 so far are external hires versus 29.2% in all of 2023
Through the first half of 2024, there were 33 CEO departures at Equilar 500 companies, according to the H1 2024 Equilar CEO Tracker. This compares to a total of 50 CEO departures in all of 2023.
The average CEO lifetime pay for all 33 departing CEOs is $109.0 million, with a median of $59.8 million. Richard C. Adkerson (Freeport-McMoRan Inc.), whose tenure surpassed 20 years, earned the highest total CEO lifetime pay at $544.5 million. Julia A. Sloat (American Electric Power Company, Inc.), with a tenure of just under 14 months, had the lowest CEO pay at $4.6 million.
During the first half of 2024, one female CEO departed from her role: Julia A. Sloat (American Electric Power Company, Inc.). On the other hand, five women were appointed CEO in the first half of 2024: Lori D. Koch (DuPont de Nemours, Inc.), Adaire Fox-Martin (Equinix, Inc.), Ariane Gorin (Expedia Group, Inc.), Kathleen L. Quirk (Freeport-McMoRan Inc.) and Joanna L. Geraghty (JetBlue Airways Corporation). The prevalence of women appointed as CEOs in the Equilar 500 increased from 13.3% in 2022 to 16.7% in 2023.
Overall, external appointments increased from 21.7% in 2022 to 29.2% in 2023. For all appointments through the first half of 2024, 34.4% of CEOs appointed have been external hires.
Departures
| Company Name | Ticker | Name | Effective Date | Gender | CEO Tenure | CEO Lifetime Pay1 |
1 Compensation data collected since 2006.
Successors
| Company Name | Ticker | Successor | Successor Gender | Internal | Successor Previous Role |
1 Interim CEO
2 Interim principal executive officer; serving in the Office of the CEO along with George Cheeks and Brian Robbins
Research Manager at Equilar, co-authored this post.
Research Analyst at Equilar, co-authored this post.
Research Analyst at Equilar, co-authored this post.
Please contact Amit Batish, Senior Director, Content & Communications, at abatish@equilar.com for more information on Equilar research and data analysis.
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