Using publicly available data, Cole says the firm has tracked more than 250 CFO appointments as of July 22 at Fortune 500 and S&P 500 companies, and other companies known to the general public, he says. The analysis includes company finance chiefs, as well as divisional and global CFO positions.
“I believe the reason we are seeing more female CFOs now is that for years companies have invested in hiring women at levels that allow for leadership development,” Cole tells me. “Now, there is a bench of qualified candidates. We now see more female VPs we and others can pull from. Additionally, internal promotions are a risk on an untested, unproven executive, but companies are taking that risk and they are taking it increasingly on women and people of color – because they have a bench to draw from.” One of the report findings is that women of color were more likely to have earned their first-time CFO positions as a result of internal promotions, Cole says.Shawn Cole, President Cowen Partners Executive Search
Read more HERE
Fortune drives the conversation about business. With a global perspective, the guiding wisdom of history, and an unflinching eye to the future, we report and reveal the stories that matter today—and that will matter even more tomorrow. With the trusted power to convene and challenge those who are shaping industry, commerce and society around the world, Fortune lights the path for global leaders—and gives them the tools to make business better.
Cowen Partners is the nation’s executive search firm, enabling companies to harness the power of human capital to fuel their success. Cowen Partners gives our clients access to the top 1% of human capital to create opportunities that accelerate their growth and market share. With Cowen Partners, clients can grow at scale, create value, and drive results with world class talent. Our clients are both small and large, publicly traded, pre-IPO, private, and non-profit organizations.
Clients are typically $50 million to multi-billion dollar revenue Fortune 1000 companies or have assets between $500 million to $15 billion. Successful placements span the entire C-Suite and include VP and director level leadership roles.
With our proven processes and guaranteed results, we have successfully placed hundreds of candidates in industries including technology, healthcare, manufacturing, retail, financial services, and private equity.