Big companies are seeing more turnover in the CFO chair. Here’s why that matters

When Tesla’s CFO Zachary Kirkhorn stepped down last August, it caused a $23 billion drop in the stock market and surprised many. This isn’t the first time Tesla has seen a CFO departure, and it’s part of a larger trend of CFO turnover in the Fortune 500. CFOs are taking on more responsibilities and are becoming crucial to a company’s success and stock price. With increased turnover rates, investors need to pay attention to how these changes may impact their investments. It’s important to monitor the news and be aware of any red flags that may arise when a CFO steps down.