Companies with female CFOs increased shareholder value by an average of 4.5% annually, 0.2% above industry averages. The proportion of female CFOs at Global Fortune 500 and FTSE 100 firms has remained at 25% since 2011. US firms recorded 7.3% revenue growth after appointing female CFOs; European and UK firms saw 10.6% and 12.8% respectively. Energy firms with women CFOs outperformed the stock market by 2.8%, and health-sector firms by 4.7%. Underperforming companies that hired women as CFOs saw total shareholder returns improve by about 10% versus previous CFOs. LinkedIn profiles of 346 CFOs showed women emphasizing "financial guardian" and "strategic architect" personas, while men emphasized "digital operator" and "resilient reformer" personas. A survey of 700 senior finance professionals (half men, half women) provided qualitative context.
A new study from finance management platform OneStream showed that companies with a female CFO increased shareholder value by an average of 4.5% annually, 0.2% higher than their industries overall. But even with this outpaced performance, the percentage of female CFOs has been stubbornly static. Since 2011, the number of CFO seats at Global Fortune 500 and FTSE 100 companies held by women has remained stuck at 25%.
US companies saw an average revenue growth of 7.3% after appointing a female CFO, while those in Europe and the UK saw higher increases of 10.6% and 12.8%. As for specific sectors, energy organizations with women CFOs performed 2.8% better than the stock market, and those in the health sector performed 4.7% better. Underperforming companies that hired women as CFOs went on to see total shareholder return improve by an average of 10%, relative to industry benchmarks, compared with the return under the previous CFOs.
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