Michael Hart
Marathon Oil Corp.'s Clarence Cazalot Jr. was one of two Houston-based CEOs to announce departures in June.
As national CEO turnover dipped in June, 12 Texas executives were among those departing, a report from outplacement firm Challenger, Gray & Christmas Inc. shows.
Nationwide, 94 CEOs left their posts in June, down 9.6 percent from 104 in May and down 5 percent from 99 in June 2012, according to the Chicago-based firm.
Two of those departures came from Houston.
Clarence Cazalot Jr. said in June he will retire as Houston-based Marathon Oil Corp.?s (NYSE: MRO) chairman, president and CEO at the end of this year. Exxon Mobil Corp.?s (NYSE: XOM) Lee Tillman will become president and CEO effective Aug. 1.
Rick Stein left his role as CEO of UHY Advisors-TX LLC, a Houston-based professional services firm, though he will retain his chairman post and his position as co-CEO of Chicago-based UHY Advisors Inc., the parent company of UHY Advisors-TX. Ron Martin succeeds Stein as CEO of the Houston-based firm.
For the second quarter, nationwide CEO departures totaled 292, down 10 percent from the 309 recorded in the first quarter but virtually unchanged from the 288 departures announced in the same quarter a year earlier. In the first six months of 2013, departures totaled 601, nearly equal to the 609 recorded in the same period a year earlier.
Click here to see all the Houston CEOs who left their posts in 2012.
Olivia Pulsinelli is the web producer for the Houston Business Journal's award-winning website. Follow her on Twitter for more.
Source: http://feedproxy.google.com/~r/bizj_houston/~3/C1zgBhqKvCE/12-texas-ceos-exit-in-june.html
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