Viewed in Russell Reynolds
This article emphasizes the persistence of Chief Financial Officer (CFO) turnover in S&P 500 companies and the evolving expectations for CFOs.
Retirements, career changes, and new opportunities drive the ongoing turnover of CFOs, impacting financial strategies.
Sectors such as technology and healthcare experience higher CFO turnover due to dynamic markets and specialized expertise.
While CFO turnover can disrupt financial leadership, it also presents opportunities for new talent and driving innovation.
Companies often choose to hire CFOs externally for fresh perspectives and diverse skill sets, but cultural fit can be a challenge.
Boards and executive teams now prioritize CFOs with a broad skill set, including technology expertise, data analytics, and strategic leadership.
To promote diversity, organizations actively seek female and ethnically diverse CFO candidates for more inclusive leadership teams.
