With CEO turnover averaging 9% for Russell 3000 companies over the last four years, we used our CompanyIQ® SEC EDGAR search platform to review what this means for the CFO within 60 days of the chief executive’s departure.

Chief Financial Officers Left More Than 10% of the Time - A CEO departure also meant that the chief financial officer left, on average, 12% of the time.
CFOs Replaced One-Third of Departing CEOs - Equally interesting is how frequently the chief executive’s departure resulted in the CFO taking the helm of the company. On average, this was approaching one out of three times.
CFO Departure Times Have Increased Over the Past Four Years – Same day CFO departures were at a high of 75% in 2018 and have dropped off to a current level of 46%.