In the current tough times, CFOs seem to be sticking with their present employers rather than trying their luck in the job market.
|Research firm Liberum recorded just 1,250 CFO changes in 2009, down 36% from the 1,946 CFO moves in 2008 and off 46% from the recent high of 2,328 changes in 2007. And 2010 seems to be off to a slow start, with just 186 CFO moves in January and February.
|Liberum's statistics on CEOs show a similar decline in turnover. Richard Jacovitz, the firm's director of research, blames the stasis on the recession and the financial crisis. "As a general rule, companies have been more conservative about changing leadership in the midst of a storm," Jacovitz says, but predicts C-suite changes will pick up as the economy revives.
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