The average age of new CFO hires has increased over the past 10 years, according to a report from Crist Kolder Associates.
The report measured C-suite executive turnover from Fortune 500 and S&P 500 companies and contains data through Aug. 1. Of the 671 companies studied, there were 663 known CFO ages at hire. Of the companies, 10.1% were in the healthcare sector.
The average age of a new CFO hired in 2014 was 47.5, according to the report. In 2024, the average age is 50.8. That is the highest average age over the past decade, tied with 2023.
Though not a straight line, the average age of a new CFO has trended upward over the past decade, according to the report. In 2016, the average age was 49. In 2021, the average age hit 50 for the first time before dipping slightly to 49.3 the following year. The average age for new CEOs is about three years older than that of new CFOs.