Core Insights - The current CFO turnover is at a record high, revealing that many companies are unprepared for succession crises, particularly in identifying and developing future CFOs [1][2] - Boards lack structured processes for CFO succession, often reacting only when a retirement is announced, leading to a scramble for candidates [2] - There is a significant gap in the internal pipeline for CFOs, as traditional finance leadership development has not kept pace with the evolving demands of the role [2][3] Company and Industry Trends - Companies are increasingly seeking CFOs with skills in technology transformation, geopolitical supply chain management, and navigating volatile capital markets, which are not typically part of traditional finance career paths [3] - The role of CFOs is evolving from traditional financial management to strategic leadership, especially with the integration of advanced AI and cloud technologies [4] - The search for external CFO candidates is becoming more competitive, with searches taking longer and compensation rising beyond initial budgets [5] Notable CFO Appointments - Adrian Mitchell appointed CFO of Warby Parker Inc., effective Feb. 10, bringing over 25 years of experience, including modernizing operations at Macy's [6] - Sheamus Toal appointed CFO of Designer Brands Inc., effective Feb. 16, with a strong background in retail finance [7] - Aurélien Nolf appointed CFO of Navan, effective March 2, with extensive experience in finance leadership roles [9] - Rita Johnson-Greene appointed CFO of Ocugen, Inc., with over 20 years in healthcare [10] - Chelsea Pullano appointed CFO of Greenwave Technology Solutions, Inc., with a background in accounting and strategic finance [11] - Indraneel "Neel" Dev appointed CFO of WESCO International, Inc., succeeding Dave Schulz [12]