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CFO turnover among America’s largest public companies is projected to reach 18.3% in 2026, according to Crist Kolder Associates’ midyear Volatility Report, which analyzed 665 Fortune 500 and S&P 500 companies. That would exceed the 18.2% recorded in 2020 and the 10-year average of 16%, although it would remain below the 19.3% recorded in 2019. Retirements, corporate turnarounds, and growing demand for finance leaders with AI expertise are among the factors contributing to increased movement. High-profile changes have included CFO transitions at AT&T, Caterpillar, Oracle, Nike, and Pfizer. Crist Kolder also found that incoming CFOs are getting younger, with the average age of newly appointed finance chiefs projected at 48 in 2026, compared with 52 in 2025. Sitting CFOs have an average tenure of 4.5 years, while only around 25% of new CFO appointments involve executives moving directly from another sitting CFO role, suggesting companies are increasingly drawing from younger, less experienced candidates.
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