A recent report finds that a trend toward shorter tenures leads to increased turnover, creating more opportunities for aspiring leaders to assume CFO roles at public companies, with a notable rise in women stepping into these positions.
In the first half of 2024, companies globally appointed 44 women as CFOs — the highest number in five years, according to the Global CFO Turnover Index from management consulting firm Russell Reynolds Associates. Women made up 26% of CFO hires in the first quarter and 28% in the second quarter, compared to a peak of 24% and a low of 10% in 2023.
By the end of 2023, women held 18.5% of CFO roles at Fortune 500 and S&P 500 companies, according to an annual report by Crist Kolder Associates, nearly doubling the percentage over the past decade. See more key trends.