At 44%, external hiring of CFOs has hit a 10-year high in 2024, according to a report from Crist Kolder Associates.
The report measured C-suite executive turnover from 671 Fortune 500 and S&P 500 companies and contains data through Aug. 1. Of the companies, 10.1% were in the healthcare sector.
The average external CFO hire rate over the past 10 years has been about 38.9% and has ranged from a low of 34.7% in 2022 to the high of 44% this year, according to the report. The average for external CEO hires over the same span was 22.1%.