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Most Small Organizations Lack CFO Succession Plan

By Net Assets posted 01-04-2019 08:05 AM


(from Associations NOW) At many smaller organizations there is no set successor for the key finance role, according to a recent survey from Robert Half Management Resources. About half of organizations with fewer than 250 employees had a CFO succession plan, and only 37 percent of organizations with fewer than 50 employees did. Among the most commonly cited reasons for not having a succession plan in place were that the CFO wasn’t planning to quit anytime soon (64 percent), that there weren’t qualified replacements within the organization (17 percent) and lack of time.

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