CFO turnover at Fortune 1000 companies has spiked 30% since last year
Of those who’ve moved so far in 2023, 29% retired, and more than a third (37%) took over a new role in the same organization.
“One example that comes to mind is at Chevron Corporation. Eimear P. Bonner, VP and chief technology officer (CTO) at the oil giant, has been appointed the next CFO, effective March 1, 2024. Bonner will succeed Pierre Breber, VP and CFO since 2019, who will retire from Chevron in 2024 after 35 years at the company. The CTO-to-CFO path is “absolutely not” a common one, Shawn Cole, executive recruiter and president of Cowen Partners, recently told me.”
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