Global CFO turnover increased to a seven-year high in the first half of the year, with 173 public company CFOs appointed, surpassing the year-over-year average of 160 since 2019. Retirement rates and record CEO turnover in 2024 are driving the rise, according to Russell Reynolds Associates. Starbucks and other companies have announced CFO transitions post-CEO changes. Outgoing CFOs are retiring or moving to board roles at a seven-year high of 56%, while 57% of incoming finance chiefs are appointed internally. Best practices in CFO succession planning can help mitigate rising turnover, says the Russell Reynolds report.

Read more at Yahoo Finance: CFO turnover spikes after record CEO exits last year