CFO Network Quarterly Update June 2023
The volume of CFO and FD appointments in the Yorkshire and East Midlands region is at record levels for the second quarter in a row.
CFO Network Quarterly Update June 2023
The volume of CFO and FD appointments in the Yorkshire and East Midlands region is at record levels for the second quarter in a row.
The volume of CFO and FD appointments in the Yorkshire and East Midlands region has been at record levels for the second quarter in a row.
- 10% higher than the previous quarter
- 46% higher than the same period in 2022
There was a slight sense of surprise from our close network across the previous quarters – some positive results against a backdrop of a general feeling of economic slowdown. The momentum that has carried through to the most recent quarter could be ongoing momentum or it could be the point in which the activity peaks – we will not know and we have learned the lesson to not be too bold to predict! Far easier to analyse some of the trends that have already happened!
Gender Diversity
- 32.5% Female appointments
- 67.5% Male appointments
This is a similar proportion to the previous quarter (35% female and 65% male), but tracks favourably against the figure of the previous year of 26%.
Sectors
Manufacturing 32%
Technology 10%
Education / Training 8%
Healthcare 7%
These trends are broadly in line with the trends across the past year. Education & Training is slightly above the trend and we have seen the services sector gradually reduce in their proportional representation.
New Jobs Created
Just under one in five of the appointments made have been in newly created financial leadership roles:
- Created through growth
- Results of restructuring
We are still working on a way of analysing the number of roles that no longer exist – this will allow us to work out the net change in the total population of CFOs and FDs, but we are getting close to a method to achieve this! The additional analysis of which sectors have been affected and the reasons for hiring will be fascinating to look at for us and for the CFO, adviser and investor community.
To request a copy of our CFO Network Annual Report, please click here or email Lucy Miles here.
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