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Chief Financial Officers Face Increasingly Short Job Tenures.
Byline: David McNaughton
Sep. 2--ATLANTA--You can probably name baseball players that have stuck with one team longer than the CFO of your favorite company has been with that organization.
Get used to it. Job-hopping has become a career path for chief financial officers. So far this year, 43 of Georgia's 244 publicly traded companies have replaced their chief financial officers.
The turnover trend is national in scope. It is being driven, say executive recruiters and chief financial officers, by openings at new companies, in addition to retirements, promotions, burnout and firings.
The Financial Executives Institute surveyed chief financial officers in September and found 27 percent of those polled had changed jobs within the last two years. A quarter of the executives said they planned to switch jobs within the next two years.
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