European CFO Route to the Top

Over the past five years, 12% of companies have changed their CFOs each year on average, although there was a spike at nearly 20% in 2018. Despite the apparent urgency with which companies are seeking to increase the diversity among their senior executive ranks, the number of women in senior finance roles remains alarmingly low: just 15% of CFOs in our sample are women. In other respects, too, our data suggests that public companies are becoming slightly more conservative as they appoint more people from outside the organisation who have prior listed company CFO experience.

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