Increasing Turnover Among Finance Executives

by Erin McCune on June 9, 2006

in Research Round Up

A new study cites an increase in finance executive turnover – largely attributable to Sarbanes-Oxley. The headhunting firm Russell Reynolds Associates found a marked increase in CFO and Controller turnover. While Treasurer turnover is also increasing, it is doing so at a slower rate.

Excerpt from CFO Magazine

Many CFOs express a "get me out of here" attitude, voicing ongoing
frustration about being too consumed with regulatory compliance and not
having enough time to focus on corporate strategy and operational
finance projects, according to Hack. "Many CFOs resent the accounting
handcuffs of the job and mourn the loss of their role as financial
consigliore to the CEO,"
the study concludes.

Graphic: Increasing Turnover

Image001
Source: Russell Reynolds Associates, as quoted by CFO.com

Sarbox Burdens Prompt CFO Job Churn
Marie Leone
CFO.com
June 09, 2006

Russell Reynolds Associates website

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