#cfo-turnover

#cfo-turnover

Warning to executives: Don't get too comfortable in your corner office. Nearly one in nine CEOs was replaced last year, the highest rate since the financial crisis, and CFO turnover hit a seven-year high, according to new data from Russell Reynolds Associates. The replacements are younger and greener. More than 80% of the 168 incoming CEOs were first-timers with no prior experience running public companies.

Boards have no process for developing or identifying the next generation of CFOs,

Boeing has faced significant challenges, from a series of aircraft malfunctions and management missteps to a strike by more than 33,000 machinists in 2024.