Number of ‘boomerang CEOs’ reaches 10-year high, FT reports

The amount of “boomerang CEOs,” bosses who were previously CEOs and have been brought back for a second stint, is at a 10-year high in the U.S., Stephen Foley and Alexandra White of The Financial Times reports. The reappointments in the last nine months and the record year for boomerang hiring in 2023 means that 22 companies in the S&P 1500 are now run by boomerang CEOs, recruitment consultancy Spencer Stuart said, according to the Times. The companies range from Disney (DIS) and to Dell Technologies (DELL) to smaller companies. Microchip Technology (MCHP) is the most recent example.