more-arw search

Percentage of female CFOs remains steady

Percentage of female CFOs remains steady

The number of women employed in the financial field continues to grow across the country, but the overall number of female CFOs at Fortune 500 companies has remained about the same over the past few years.

According to CFO.com, there were 45 women CFOs at Fortune 500 companies as of June 1, which is only one more than there were in 2009 and 2010.

Although the number of female CFOs has remained consistent, some of the faces have changed, as 11 women have been hired for the role since last year, replacing 10 who were ushered out.

While the percentage of female CFOs increased slightly to approximately 9 percent, that number is still relatively low when considering women comprise 56 percent of undergraduate accounting majors and more than 60 percent of auditors and accountants, according to the news source.

Some of the most notable firms whose finances are currently directed by female CFOs include Chevron, Hewlett-Packard, Home Depot and Southwest Airlines, the publication noted.

According to the Bureau of Labor Statistics, top executives of both genders held approximately 2.1 million jobs in 2008, the latest year for which data was available.