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Global CFO Turnover Index: 2024 S&P 500 By the Numbers

As S&P 500 CFO turnover ticks up, we highlight the key numbers defining the trends.

CFO turnover H1 infographic
Trending CFO Turnover
Trending CFO Turnover: 2019-2024
S&P 500 CFO turnover reached a six-year high of 17.8% in 2024, matching the peak set in 2021, with 89 new CFOs appointed. This is primarily driven by a spike in turnover in the technology and industrial sectors.
First-time vs. Experienced hires
First-time vs. Experienced Hires: 2024
Internal vs. External
Trending Internal vs. External Appointments: 2019-2024
While CFO succession plans are coming to fruition for some, with 57% of newly appointed CFOs being promoted internally, the number of organizations looking externally continues to remain elevated. In a difficult market, organizations looking externally for their next CFO are increasingly prioritizing CFOs with proven experience.
Gender
19

%

of S&P 500 CFOs are women
and the S&P 500 is 42 years away from reaching gender parity
While women remain underrepresented in the CFO role, in 2024, 26% of S&P 500 CFO appointments were women—up from last year and above the six-year average. While diverse internal pipelines are becoming more robust, organizations should watch their ready-now successors as women finance talent is in high demand.
Outgoing CFOs
Departing CFOs by Exit Type: 2024
Number of Departing CFOs per New Role: 2024
S&P 500 retirement rates increased year-over-year, reaching a six-year high in 2024. Beyond increasing retirement rates, the pool of experienced CFOs continues to decrease as transitioning CFOs continued to move to non-CFO roles.
Source: RRA analysis of the S&P 500 from 2019 to the end of 2024; Note: 12 of the new CFOs are interim
image-cfo-turnover-2023-1452383266.jpg

Global CFO Turnover Index

Each quarter, you’ll find the proportion of CFO departures and appointments globally, as well as trends on CFO appointments by gender, tenure, and whether CFOs are internal or external hires.

Read more
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