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CFO Slice equips you to stay ahead of crucial financial trends shaping your role. Every weekday, our unique blend of AI, finance experts, and researchers monitor 100,000s of sources to deliver a summary of the most pertinent and actionable insights to help you navigate, innovate, and expand.
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Over 15% of chief financial officers at listed companies in the U.K. and U.S. departed their roles last year, marking the highest turnover rate in six years, according to research from Russell Reynolds Associates. The average tenure of CFOs has decreased from 6.2 years to 5.8 years in 2024, largely due to a high retirement rate. The average retirement age has declined to 56.6 years. Additionally, 70 out of 275 CFOs appointed last year were women, the highest proportion in six years, with 54% being internal appointments. "We’re at a point where the supply, demand dynamic is getting concerning,” said Jim Lawson, co-leader of executive search and leadership advisory firm Russell Reynolds Associates’ CFO practice. “Classically-trained” CFOs are making the move to retirement, and “that is really limiting the pool of candidates moving forward,” he added.
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