Turnover among CFOs and other top corporate executives picked up a bit in the first quarter, in another possible sign of life in the employment market. Data from Liberum Research shows that 280 CFO changes in the first quarter, up from 258 in the fourth quarter of last year and 256 in the third quarter.
"For the first time since the Great Recession, turnover has started to pop up," says Richard Jacovitz, director of research at Liberum. "The same thing is happening with CEOs, and the same thing is happening, not quite to the same degree, with C-level changes. I do think there's a change taking place."
Liberum's numbers, which track new hires, promotions and departures at all publicly traded companies in North America, show CFO turnover peaked in 2007 at 2,329 and since then has declined steadily, to 1,083 in 2010.
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Susan Kelly
Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.
