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Global CFO Turnover Index: H1 2025 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: H1 2019 – H1 2025
S&P 500 CFO turnover reached a seven-year high of 12% in H1 2025, with 61 new CFOs appointed. This is primarily driven by a spike in turnover in the industrial sector and increasing retirement rates.
First-time vs. Experienced hires
First-time vs. Experienced Hires: H1 2025
Internal vs. External
Trending Internal vs. External Appointments: H1 2019 – H1 2025
While CFO succession plans are coming to fruition for some, with 66% of newly appointed CFOs being promoted internally, the number of organizations looking externally continues to remain elevated. In a complex market, organizations looking externally for their next CFO are increasingly prioritizing CFOs with proven experience.
Gender
In H1 2025, 18% of S&P 500 CFOs appointments were women
‍—down from 26% in H1 2024.
While 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: H1 2025
Number of Departing CFOs per New Role: H1 2025
S&P 500 retirement rates increased year-over-year, reaching a seven-year high in 2025. With experienced CFOs in high demand, both increasing retirement rates and CFOs continuing to move to non-CFO roles are impacting the supply of available talent.
Source: RRA analysis of the S&P500 from 2019 to H1 2025; Note: 12 of the new CFOs are interim
image-cfo-turnover-2023-1452383266.jpg

Global CFO Turnover Index

We share the latest CFO turnover data across listed companies globally.

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