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Female CFOs Brought in $1.8 Trillion More Than Male Peers

  • Women may face a “higher bar” to win top financial roles
  • Male CFOs in the Russell 3000 outnumber women about 6.5 to 1
RF office woman

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Companies looking for better financial returns should consider a female chief financial officer.

Within the first 24 months of appointing female CFOs, companies saw, on average, a 6% increase in profits and an 8% better stock return, compared to performance under male predecessors. These women brought in $1.8 trillion of additional cumulative profits, according to a study by S&P Global Market Intelligence. The researchers looked at 6,000 companies on the Russell 3000 over the last 17-years.