Report: 59% Of U.S. CFOs Hired Internally In 2024; Only 1 In 5 Are Women

According to a report by Eton Bridge Partners, 59% of Chief Financial Officer (CFO) appointments in the United States last year were internal hires, with many promoted from Vice President (VP) of Finance roles.

The study analysed 6,400 CFO hires across 10 countries. In the U.S., most appointees remained within their previous sector, with sector continuity at 90%, reversing the mobility seen in 2023. The average age of CFOs appointed in the U.S. was 51, with peak opportunities in the mid-50s. Women accounted for 20% of new U.S. CFOs, below the 25% seen in large public companies. Globally, private equity-backed firms were key drivers of CFO hiring in several markets. The report highlighted expected trends, including broader CFO roles and slow but ongoing diversity efforts.

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