Although the percentage of chief #financial officers hired by Fortune 500 and other notable companies continue to skew male, over a third of new #CFOs hired by #Fortune500 companies and companies of note in 2022 have been female (36 percent), suggesting a steady incline in female representation among CFOs in the Fortune 500, according to a new report from Cowen Partners | Executive Search + Consulting. This builds on the reported all-time high rate of 15 percent sitting female CFOs at Fortune 500 and S&P 500 companies in 2021.
Most CFO hires in the first half of 2022 were white (80 percent), but a significant number of CFOs hired were people of color (52 individuals), says the #search firm’s newly released “CFO Movement Study 2022.” Particularly noteworthy, a high rate of women of color obtained first-time CFO roles (61 percent CFO females of color were first-time CFOs this year vs. 37 percent of their white female peers.) “This could be due to more white females having already obtained CFO roles previously, although it also suggests a positive trend of more females of color breaking into the CFO role for the first time,” said the report.
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