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Fortune
Fortune
Sheryl Estrada

MYSTERIOUS: Ongoing cfo turnover is fueling higher pay for finance chiefs | Mind Blowing Facts

office workers convene in an office (Credit: Getty Images)

Good morning. As the CFO role grows more complex, demand for top finance leaders is rising.

As such, CFO salary increases remain steady as public companies navigate economic uncertainty. New data released this morning by Compensation Advisory Partners (CAP), a consulting firm, examines 2024 compensation outcomes for CFOs relative to CEOs. The analysis covers 155 public companies with a median revenue of $12.6 billion and fiscal years ending between Aug. 31, 2024, and Jan. 1, 2025.

In 2024, the median base salary increase for CFOs was 4%, while CEOs saw no change—mirroring 2023. In 2022, median base salary increases were 3.8% for CFOs and 2.9% for CEOs.

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