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CFOs seem a little more inclined to stick around

While CFO turnover over the past few years has been trending upward at publicly held companies, actual turnover declined in the first quarter of 2007 ...

By Staff Writer | Updated on April 09, 2007

While CFO turnover over the past few years has been trending upward at publicly held companies, actual turnover declined in the first quarter of 2007 against the same three-months the year before, according to a study by Liberum Research. Unlike the first quarter of 2006, when the number of CFO changes jumped 38% to 630 from 457 in the first three months of 2005, the number of CFOs leaving their posts between January and the end of March in 2007 declined 22%, to 489. The report notes that this slowdown in CFO turnover, along with all C-level turnover, marks the second straight quarter of year-over-year declines for both CFOs and C-level in general, although there was a slight increase in turnover from the fourth quarter of 2006.

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