One in six Fortune 1000 companies have no CFO
Research shows 158 of the top US companies had no CFO at some point during the first half of 2008
Research shows 158 of the top US companies had no CFO at some point during the first half of 2008
The rate of churn for CFOs in the US continues unabated with nearly one in
six Fortune 1000 companies having a vacancy for the position in the first half
of the year.
Research from recruiters
Hedrick & Struggles
showed that from the start of the year until the end of June 106 CFOs left their
positions at top US companies, with a further 52 positions empty at the start of
the year.
The number shows an increase over the same period last year, when 104
positions were vacated and 46 were already open at the start of 2007.
Of those that left their roles this year 30% retired, more then half got out
of finance altogether and 20% moved within their current company. Given the
current economic climate, it is uncertain how many chose to retire and how many
were shown the door.
Further reading:
FD jobs don’t have enough
influence says Khera
The numbers you crunch tell a story. Your expertis...
16yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article