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Fortune 100 – CFO move analysis
Fortune 100 – CFO move analysis
Throughout 2023 we continued to see an increased focus on the transformation of the finance function across industries. Centered around technology efficiency, data, outsourcing and people strategy, the role of the CFO continued to elevate.
The drive to upscale the function has precipitated movement within the CFO seat across the Fortune 100 with a preference for divisional CFO, strategic finance and business experience vs accounting expertise.
In 2023 there was CFO movement across 20% of Fortune 100 organizations. Of the 20 CFOs who left their post:
- 30% retired
- 20% left without a new role to go to
- 15% took a CFO role externally
- 30% took a role internally (CEO, COO, etc.)