CFO salary increases are steady as public companies face economic uncertainty. For 2024, CFOs received a median base salary increase of 4%, while CEOs saw no change. High turnover among finance executives and demand for skilled CFOs fueled this stability. The CFO role has evolved, becoming central in addressing challenges like cybersecurity and AI implementation, requiring expertise beyond traditional finance. Notable CFO hires in 2024 include those from major companies like Alphabet and OpenAI, reflecting the evolving demands of the position.
In 2024, the median base salary increase for CFOs was 4%, while CEOs saw no change—mirroring 2023. In 2022, median salary increases were 3.8% for CFOs and 2.9% for CEOs.
The CFO role remains a key leadership position and strategic partner, contributing to higher pay, according to CAP.
High turnover due to retirements or departures and strong demand for finance chiefs is driving salary stability for CFOs.
Organizations are seeking finance chiefs with the skill sets to handle challenges such as cybersecurity and AI implementation.
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