The CEO of a $68 billion company left office to head offshore

The CEO of a $68 billion company left office to head offshore

Recently, big CEOs Companies As in the case of Andrew Formica, the CEO of the British company Jupiter Fund Management left their positions in search of emotional balance. In this article, we will talk about his story and others. CEOs who resigned Because they are going through the same situation. check out!

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“I want to sit on the beach and do nothing. I don’t think of anything else.”

These are the words of Andrew Formica in an interview with Bloomberg. The CEO of the US$68 billion British company, who took over in 2019, announced in October that he would step down.

He claimed personal reasons for his decision to return to his native Australia. The 51-year-old CEO is leaving the UK after 30 years to be closer to his parents.

Andrew Formica’s case is not an isolated one.

In 2020, Rubin Ritter, the former CEO of Europe’s fashion e-commerce company Zalando, decided to leave his position at the company after 11 years to devote more time to his “growing” family in order to stimulate the development of his wife. Professional career.

Years ago, Max Shireson, the former CEO of the multi-billion dollar US software company MongoDB, also stepped down to spend more time with his family.

According to him, the only way to balance his personal life was to resign, as the intense travel routine led him to stay away from his family and miss important moments with his wife and children.

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Seeking emotional well-being is responsible for CEOs leaving their jobs

According to a study by Deloitte, a multinational professional services organization, 70% of high-level executives such as CEOs are considering leaving their current company jobs for jobs that better promote their well-being.

The survey revealed that 35% of executives feel burned out, stressed and overworked, and nearly 57% of CEOs are too burned out to quit, as are employees who quit in search of work-life balance.

Following the trend, Andrew Formica will step down on October 1 and arrive in Australia just in time to enjoy the spring sunshine season.

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