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The CFO Shuffle

Please note: This item is from our archives and was published in 2007. It is provided for historical reference. The content may be out of date and links may no longer function.

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While volatility of movement in the C-Suite is at its lowest level in more than 10 years, CFO turnover continues to exceed that of CEOs.

Crist Associates, a senior level executive search firm, examined CEO, COO and CFO movement at 657 companies listed on the 2007 Fortune 500, S&P 500 or both. Based on turnover rates from Jan. 1 through July 31, its annual Volatility Report predicts the departure of 84 CFOs and 75 CEOs this year.

CEO vs. CFO Volatility
Year CEO CFO
2002 71 111
2003 66 88
2004 89 94
2005 95 110
2006 83 87
2007* 75 84
* Based on rate of change observed from Jan. 1 through July 31.

Source: Crist Associates’ Volatility Report 2007 , www.cristassociates.com.