With the job getting tougher, one in four Fortune 1,000 companies bid adieu to its finance leader in 2007 alone
For large-company finance chiefs considering job switches, the good news is that a lot of CFO positions are opening up. The bad news is that those who land one of them might not have it for long.
In 2007 almost a quarter of the CFO posts at Fortune 1,000 companies — 234 of them, to be precise — were open at some point during the year, according to new data from executive-search firm Heidrick & Struggles.
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To be sure, only about 22 percent of those remained unfilled at the beginning of 2008, and more were filled shortly thereafter. But the churn rate continues to be high, with 33 new openings in just the first few weeks of the year. As of February 29, 47 of the big companies were seeking a new CFO.
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