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Articles

When the Stakes Rise

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By Linda Barham, Jenna Fisher, Jim Lawson
| russellreynolds.com
Jump To: Foreword That context is reinforced in our headline finding from our Global CFO Turnover Index 2025 Report: across the indices we measured, global incoming CFO appointments reached a seven-year high, reinforcing that elevated turnover is now a persistent feature of today’s leadership landscape—not a one-off correction. As expectations rise, demand for seasoned CFOs leaders is keeping pace.
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Global CFO Turnover Index

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By Adelin Choy, Linda Barham, Jenna Fisher, Ben Jones
| russellreynolds.com
CFO turnover refers to the rate at which CFOs depart and are hired from their roles. It can be a helpful indicator of wider CFO market trends, including talent pools, academy finance training and broader economic trends. CFO turnover has increased since 2020, hitting a five-year high in 2023, with 292 CFOs appointed, compared to 275 across the same period in 2024.
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