From Nike to Intel, CEO departures at US companies hit a record this year.

According to outplacement firm Challenger, Gray & Christmas, U.S. public companies announced 327 chief executive changes through November of this year.

That’s more than in any other year since at least 2010, when the firm first began tracking the business. This is also an increase of 8.6% compared to last year.

The turnover includes CEOs of U.S. companies that have long dominated their industries—e.g. Boeing, Nike And Starbucks. The momentum of change refers to companies’ customers, investors, hedge funds or boards becoming increasingly unsettled by declining sales or strategic mistakes in an otherwise strong economy when customers prove they can Are you willing to spend?.

CEO changes slowed during the pandemic, when companies faced sudden lockdowns. Remote workSupply chain difficulties and deficiencyif not at all survival. They were later confronted Borrowing costs, Inflation, Labor shortagetransferring users Preferences and other challenges.

In the past 14 years, 2021 saw the lowest number of changes at 197.

“The cost of capital, the speed of change, is creating business faster,” said Clark Murphy, managing director and former chief executive of leadership advisory firm Russell Reynolds Associates.

It’s easy to stand up for poor performance in an otherwise strong market, Murphy said.

“Over 20 percent of the S&P over the years [500] Two years in a row, any company that is significantly underperforming is in the spotlight, and boards of directors have moved faster than they would have moved five or seven years ago. ” said Murphy.

Consumer-centric companies, which are more sensitive to changing tastes and Trendstypically more turnover than industries such as oil and gas or utilities, which tend to have insider and long-term CEOs.

The recent increase in turnover comes even as the number of public companies has declined.

Here are some of the biggest US CEO changes so far this year:

Semiconductor Company Deposed CEO Pat Gelsinger Earlier this month, nearly four years after he was appointed to transform the chipmaker and better compete with rivals.

IntelK’s stock price and market share fell as the wave of artificial intelligence boosted the chipmaker Nvidia While Intel struggled to break into the business.

A successor has not yet been named.

Aerospace giant announces former CEO Dave Calhoun departure In March, part of a broader executive shakeup. This came about three months after the unsecured one Blown the door plug. A nearly new Boeing 737 Max 9 is operating midair. Alaska AirlinesAfter years of troubles in its defense and commercial aerospace businesses, it plunged the company back into a safety crisis, dismaying leaders of some of its biggest airline customers.

Calhoun was himself. appointed In the last days of 2019 successful Former CEO Dennis Meulenberg, who was ousted in 2018 and 2019 over his handling of two fatal Boeing 737 Max crashes;

Calhoun was succeeded in August Kelly Ortberga three-decade aerospace veteran and former Rockwell Collins CEO, who was brought out of retirement by Boeing in Florida. Consolidate the company.

Amid a labor strike that ended last month, Ortburg announced thousands of layoffs. Dismissal And Boeing has cut costs elsewhere to conserve cash while working to stabilize production.

With sales shrinking in its biggest markets, Starbucks the victim Chipotle Mexican Grill Star CEO Brian Nicol To walk around Fortune of the coffee chain, replaced Laxman Narasimhan. When Nicole’s appointment was announced in August, the company’s shares rose nearly 25 percent.

In the 100 days since his appointment, he has announced plans to bring the company “back to Starbucks” and refocus on what drew customers to the coffee chain in the first place. Early stages of the strategy include building more of its coffee shops. welcomeTrimming its long menu and speeding up service.

Chipotle, meanwhile, named insiders and industry veterans. Scott Boatwright In November led by the Mexican food chain.

The shoemaker replaced CEO John Donahue In September along with Elliott Hill, a company veteran who started as an intern at Nike in the 1980s.

Donahue helped Nike grow sales since taking the helm, from $39.1 billion in fiscal 2019 to $51.4 billion in fiscal 2024, but growth eventually stalled when he left Foot Locker and Wholesale. Moved away from partners. Messiand lost sight of innovation.

In 2022, Peloton brought in a former Spotify and Netflix executive Barry McCarthy for founder John Foley to take over, but he Descended In May after the company announced yet another restructuring.

Peloton announced in October. Peter Sternan ex Ford Executive and apple Co-founder of Fitness+ as third CEO. Stern has a background in growing subscription-based services, and Wall Street hopes he can turn Peloton into a profit by cutting prices and focusing on its high-margin subscription revenue.

Kohl’s CEO Tom Kingsbury Stepping out On January 15, the off-mall department store said late last month, and they will replace Ashley Buchanan with the handiwork of Micah Michaels.

Kohl’s has seen its comparable-store sales, a key metric for retailers, decline in each of the past 11 quarters, and its stock price has declined.

WW International has struggled, with shares down more than 80 percent this year. It tired to reposition itself under Sistani to include a platform that connects users with popularity. Weight loss Drugs

— CNBC’s Gabrielle Fonrouge and Amelia Lucas contributed to this report.