Some big-name companies and their CEOs have parted ways this year.

This has been seen in companies operating in industries ranging from aerospace and fitness to apparel and technology, among others.

Boeing, Nike, Peloton, WeightWatchers, Nike and Intel are among the companies with CEO layoffs in 2024

David Calhoun

Dave Calhoun, chief executive of Boeing Co., at the Berlin Aviation Summit in Berlin, Germany, Tuesday, June 4, 2024. Calhoun warned that a turn toward isolation in U.S. policy could hinder free trade and damage the economy as a nation. p (Krisztian Bocsi/Bloomberg via Getty Images/Getty Images)

Calhoun revealed in March that he had plans to step down from serving as a CEO of Boeingjust over four years after he first took office.

“I have long been considering, in discussion with our board of directors, the right time for a transition from CEO to Boeing,” he said in a message to employees at the time. “I want to share with you that I have decided that this will be my last year as CEO of our great company, and I have notified the board of that decision.”

He said Boeing would “remain fully focused on completing the work we’ve done together to return our company to stability after the extraordinary challenges of the past five years, with safety and quality at the forefront of everything we do.” during the transition.

The company has been working to recover from headwinds stemming from a pair of 737 MAX 8 crashes several years ago and, most recently, the plug panel in the door of a Boeing 737 MAX plane that split mid-flight in January.

BOEING APPOINTS KELLY ORTBERG NEW CEO

Kelly Ortberg had led the aerospace company since late summer. His first day as CEO was August 8.

“My mission here is pretty simple, to turn this great ship in the right direction and restore Boeing to the leadership position that we all know and want,” Ortberg told analysts and investors during the company’s quarterly earnings call in l October, mentioning four specific areas of focus.

The company has reported 291 deliveries of commercial aircraft and 76 defense, space and security aircraft during the first three quarters of the year.

Barry McCarthy

A Peloton corporate logo hangs on the front of its store in Santa Monica on April 10, 2023 in Los Angeles, California. (Gary Hershorn/Getty Images/Getty Images)

Barry McCarthy ceased to be Peloton’s CEO in May tapped the fitness company to tap Karen Boone and Chris Bruzzo as interim co-CEOs while it searches for a permanent successor.

After a surge in business during the pandemic, Peloton struggled to stay relevant as people returned to traditional gym workouts as social distancing restrictions eased. To combat falling sales, it deployed various efforts to cut costs and expand its customer base.

Ford executive Peter Stern will take over as CEO in early January, Peloton said in October. Bruzzo stepped down as interim CEO in early November, while Boone continued to lead the company.

Peloton is known for its exercise bikes, treadmills and rowing machines.

Sima Sistani

A Weight Watchers sign is seen at the office in lower Manhattan, New York on October 19, 2015. (REUTERS/Brendan McDermid/Reuters)

Sistani left WW International at the end of September, marking the end of her 2.5-year stint as CEO.

At the same time, WeightWatchers named Tara Comonte its interim CEO. The company said it was taking the job “at a time when the company is focused on improving its operational and financial performance while continuing to build its product innovation and member solutions.”

WeightWatchers CEO SIMA SISTANI made an abrupt exit and embraced weight loss drugs.

The company has been around since 1963. It has long offered weight loss and weight management programs, and more recently has delved into access to weight loss medications.

About 3.7 million people had subscriptions to WeightWatchers’ various offerings at the end of the third quarter.

John Donahoe

A customer is reflected in a shop window decorated with the Nike logo at the Belaya Dacha outlet village outside Moscow, Russia, April 23, 2016. (REUTERS/Grigory Dukor/Reuters)

Nike underwent a CEO change in mid-October, and Donahoe stepped down on October 13. The company said at the time that it would “remain as an advisor to the company to ensure a smooth transition until January 31, 2025.”

Donahoe said in a statement that “it became clear that now is the time to make a change in leadership and Elliott (Hill) is the right person,” adding that he “looked forward to the future success of Nike and Elliott.” His term as CEO lasted more than 4.5 years.

hill came out of retirement to take over the most important job at Nike.

During the company’s earnings call earlier this month, the new CEO said that Nike “lost our obsession with sports” and will “lead with sports and put the athlete at the center of every decision” to move forward.

He also said the athletic footwear and apparel company will “again leverage deep insights from athletes to accelerate innovation, design, product creation and storytelling” and “rebuild an integrated marketplace,” among other things .

Pat Gelsinger

Intel Corp. Chief Executive Patrick Gelsinger speaks during a Bloomberg Studio 1.0 interview at the company’s headquarters in Santa Clara, California, U.S., Thursday, Feb. 3, 2022. Intel plans to spend $20 billion in a chip manufacturing center. (Photo: David Paul Morris/Bloomberg via Getty Images/Getty Images)

Gelsinger, who became Intel’s CEO in February 2021, stepped down in early December.

“As a leader, Pat helped launch and revitalize process manufacturing by investing in state-of-the-art semiconductor manufacturing,” said independent chairman Frank Yeary. “While we have made significant progress in regaining manufacturing competitiveness and building the capabilities to be a world-class foundry, we know we have much more work to do at the company and are committed to restoring investor confidence.” .

INTEL CEO PAT GELSINGER RETIRES AS STRUGGLE MANUFACTURER

David Zinsner and Michelle Johnston Holthaus have served as interim co-CEOs since his departure. Intel will do it Continue to “simplify and strengthen our product portfolio and advance our casting and manufacturing capabilities while optimizing our operating expenses and our capital,” Yeary said.

How many CEOs have left companies this year?

A Challenger, Gray & Christmas report released earlier this month found that 1,991 CEOs have disclosed plans to part ways with companies in the 11-month period from January to November.

Last month, there were 167, according to the report.

“Resigned” has been cited as the driver of CEO departures more than any other reason so far this year. “No reason given,” retirement, “new opportunity” and resignations were among other common reasons, according to the report.

The use of interim CEOs has increased, with Challenger, Gray & Christmas finding 13% of 2024 replacements taking on these roles. In 2023, it was 7%.

Daniella Genovese contributed to this report.