Report: CFO to CEO Job Changes (2018-2024)

Analysis of 1.3M+ CEOs

More companies are tapping former CFOs to be the CEO


The share of new CEO jobs started by former CFOs is up 24% in 2024 versus the 2018-2023 average (3.97%).


Is the post-ZIRP focus on profitability driving more CFOs to the CEO seat?

Sample

A sample of 1.3M+ current and former CEOs who were active between 2018 and February 2024.

It is worth noting that Live Data Technologies is primarily focused on monitoring employment status and job change events for white-collar employees in North America.

Methodology for analysis

Live Data Technologies observes millions of job change events every year (both company changes and internal changes). We sampled 1.3M+ CEOs and observed 360K+ job changes where an individual started a new role as CEO (either joining the company or being promoted internally).

For each of these 1.3M+ CEOs in our sample, we looked at the individual's job history to see if they held a CFO job prior to starting their CEO role. We analyzed the data, looking at job start date (for the individual's most recent CEO role) and company size.

Notes on the source data from Live Data Technologies

Live Data Technologies's standard process (our patented IP) is generally referred to as SERP analysis. We query the major search engines (Baidu, Yandex, Bing, Google, etc.) for information on people and their employment. A shorthand way of thinking of this is that we are prompt engineering the search engines.

All of our data is sourced through these sources and is publicly available. We assess ALL the info that comes back from each query to the search engines. We use a proprietary process to monitor the current company and title for 88M+ people on at least a twice-monthly basis, and as such pick up a lot of job changes monthly. This means we have a) the most recent employment data for the white-collar workforce and b) a continuous stream of job change events. This allows us to report on movement at the person, title, function, job level, company, and industry levels.