January was an active month for finance CEO departures, a sharp decrease from December 2010.
Nine finance CEOs departed in January 2011, according to a report released today by Challenger, Gray & Christmas, the Chicago-based global outplacement consultancy. It's the same number of CEOs who left in January 2010 and is a decrease from 13 departures in January 2009.
The report collected information on CEO departures numbers from public filings and private statements. The nine finance CEO moves accounted for 9.3% of all CEO departures over the month. Four stepped down, two resigned, one retired, one was removed and the other moved to another position in the company.
In 2008, 169 finance CEOs stepped down. In 2009, 123 left and in 2010, that number increased slightly to 124. Retirement, resignation and the financial crisis were the most popular reasons for leaving.
Here's a list of the nine:
-- Andrew Halliday, Halliday Financial Group (stepped down)
-- Paul V. Scott, Foundation Financial Group (stepped down)
-- Michael Falbo, Southport Bank (resigned)
-- Stephen Prior, One World Ventures (resigned)
-- J.W. Yoo, Center Financial Corporation (removed)
-- Gary Moss, Professional Bank (another position within the company)
-- Carol Realini, Obopay Inc. (stepped down)
-- RK Arnold, MERScorp Inc. (retired)
-- Ken Wilcox, SVB Financial (stepped down)
Write to Julie Steinberg