U.S. Companies Hire a Record Number of Female CFOs

  • 📰 Women 2.0
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

There are '90 women in the CFO role at S&P 500 and Fortune 500 companies as of August 1. That's already more than in any other entire year.' - JeffAGreen

Ann Gugino’s appointment Monday as chief financial officer at pizza giant Papa John’s International Inc. adds to the record number of women now holding the top finance jobs at large U.S. companies. Gugino, who was hired from Target Corp., follows appointments of female CFOs in the past few months at Harley-Davidson Inc., Smith & Wesson Brands Inc. andInc., among others.

“We’re sitting at an all time high now,” said Tom Kolder, president of executive recruiter Crist Kolder Associates, which counted 90 women in the CFO role at S&P 500 and Fortune 500 companies as of Aug. 1. That’s already more than in any other entire year. Source: Crist | Kolder AssociatesA sustained focus on gender parity by investors such as BlackRock Inc. and Vanguard Group Inc. is partly responsible for the gains.

CFOs are increasingly likely to also hold operational responsibilities, as more companies eliminate chief operating officers and assign those duties to CFOs. While this will benefit women on balance, it's not all positive, said Beau Lambert, who specializes in finance executive hiring at recruiter Korn Ferry. That's because companies have fewer women in operational roles, so this creates another obstacle to getting a job in the C-suite.

“There’s no question there is an uptick in the appointment of women CFOs,” Lambert said in an interview. And more often than in the past “there’s a through-line from the CFO role to the CEO role.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 149. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple, Google hire without college degree, but experts say you need it - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 🔥 Check It Out 🔥 Elon Musk 'I Don't Give A Damn About Your Degree' via YouTube Are any (of the best) straight white makes of low income backgrounds from local countries generally employed in the senior positions in any corporate functions at those type of companies or no chance?
Source: BusinessInsider - 🏆 729. / 51 Read more »