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An increase in CFO movement across Australian ASX 200 companies, and internationally, is increasing pay packets and are seeing more women being promoted from finance to the CEO role.
Phil McCann, Head of CFO & Financial Leadership Practice in Australia, spoke with the Australian Financial Review about the recent 'breakout period' for CFOs in Australia.
A recent CFO salary report by OpenDirector and commissioned by Odgers Berndtson showed that CFO pay is increasing due to demand for candidates and that 20% of the top 100 ASX companies have promoted their CFOs into the CEO role.
"There is more CFO movement in the ASX 200 than any period over the past two decades."
Phil also commented that female CFO talent in Australia, as well as Australian expats, was exceptional, highlighting many Australian CFOs on the world stage.
CFO Salary Report 2023
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