When we started the CFO Moves Blog in September 2011, our goal was to track CFO Movements (Hires, ‘Unhires’ and Appointments) across the United States on a weekly basis. Our information comes to us from news releases and articles, as well as information provided to us by companies and CFOs.
The information reported weekly is not a report an all CFO Movement in the country, but is (in my opinion) an indicator of overall CFO Movement. The good news is that CFOs are continuing to get hired in this economy.
I will continue sharing insights we have learned from our CFO Moves Blog. Last month we shared some valuable insight on the relationship between CFO Movement and LinkedIn. (When hiring a CFO, is LinkedIn the place to look?) In the coming weeks, we plan to share some more details on what we learned in 2011. (If you don’t want to miss any of our insights on CFO Moves, click the Sign Me Up button on the right column of this page to receive our blog in your email)
Here are two indicators of where CFOs move.
Almost one-quarter of all CFO Movement reported was in California. The next 4 states with high CFO Movement were New York, Texas, Massachusetts and Florida. We also noticed that almost every state was represented in our CFO Moves Blog in 2011.
What we learned:
• CFOs are hired all across the United States. States with larger populations have a higher proportion of CFO Movement.
• California and Massachusetts have over twice the proportion of CFO Moves than they do of their percentage of the population of the United States. We believe this may be due to the higher proportion of growth companies (hi-tech and bio-tech/healthcare) in the market.
2) Publicly Listed
Considering that most of the information we received for our CFO Blogs came from press releases in 2011, we found it interesting that the majority of companies (51.7%) were not publicly listed.
What we learned:
• CFO Moves are not only reported by publicly listed companies, which are required to let their shareholders know about major executive moves, but are also reported by non-public companies.
• Non-public companies, which include venture-backed, not-for-profit entities and subsidiaries of publicly-owned companies, see PR value in letting the world know about their CFO Moves (The CFO: PR Rockstar?)
Do you have any insights or questions on these points that you would like to share? Please share your thoughts below.