Few financial executives know who will fill their shoes one day, but most have no plans for leaving, a new survey shows. The majority (83 percent) of CFOs polled said they have not identified a successor for their positions. Seventy-four percent of respondents cited having no plans to leave their present companies in the near future as the primary reason.
The survey, developed by Robert Half Management Resources, was conducted by an independent research firm and includes responses from 1,400 CFOs at U.S. companies with 20 or more employees.
“Executives should plan for all contingencies, even if they have every intention of staying in their current role,” said Paul McDonald, executive director of Robert Half Management Resources. He noted that it is never too early to identify and prepare promising candidates for leadership positions. “Advance planning ensures a smoother transition when passing on the management reins.” Read the press release.
