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Promotions from chief financial officer to chief executive reached a 10-year high in 2025, with just over one in 10 CEOs at Fortune 500 and S&P 500 companies coming directly from the CFO role, according to research by executive search firm Crist Kolder Associates. The share rose to 10.26% from 7.1% in 2024, with all such promotions made internally, underscoring the growing prominence of finance leaders in succession planning. The report shows CFOs increasingly taking on broader strategic and operational responsibilities, strengthening their candidacy for the top job, even as COO and president roles remain the most common stepping stones to CEO. CFO turnover was also the highest among tracked C-suite roles, while companies relied more on internal promotions for finance chiefs. Although female representation in senior roles has improved over the past decade, progress remains uneven, with a recent decline in women CFOs in the consumer sector highlighting ongoing diversity challenges.
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