Breakingviews - CFOs are stepping into a rapidly revolving door

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From Breakingviews - CFOs are stepping into a rapidly revolving door

Christine McCarthy, a 23-year veteran of the media company, who left in July to spend time with her family. Walgreens' James Kehoe is moving to the tech industry.

Faster rotation seems here to stay. The average tenure for CFOs in the first half of 2023 was 4.9 years, according to search firm Crist Kolder Associates, down from 5.3 years a decade ago. Over the same period, chief executive officers increased the time they spend in the corner office. High CFO turnover looks far from transitory.Tesla said on Aug. 7 that its Chief Financial Officer Zachary Kirkhorn was stepping down. The automaker appointed Vaibhav Taneja to succeed Kirkhorn.

 

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