The Great CFO Turnover: Why more top finance leaders are retiring or changing jobs

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Good morning. As economic uncertainty continues, the pace of CFO turnover has increased in the first half of 2024, according to research. Some finance chiefs are looking to retire, and others are moving on to new positions. 

Taking a look at H1, from Jan. 1 to June 30, CFO turnover reached 8.9% globally, outpacing levels in 2022 and 2023, according to leadership advisory firm Russell Reynolds Associates (RRA). In H1 2023, turnover reached 8.3%, while the number for the same period in 2022 was 8.5%.