VARDIS 2024 PE CFO REPORT

Written by Vardis | Sep 26, 2024 5:58:26 PM

We are pleased to share with you our 8th annual PE CFO Report. Download the Report Here. As in our previous years, we asked PE CFOs for their perspective on compensation, governance, the relationship with their investors, and the differences in the role under PE ownership. We have also asked our participants to gaze into their crystal balls and provide their outlook on the likelihood and potential impact on their companies of macroeconomic events and trends.

VARDIS 2024 PE CFO SURVEY TRENDS WORTH WATCHING

/ COMPENSATION

CFO cash compensation growth has remained modest at under 3% annually, but bonus payouts and equity returns are rising significantly faster, at more than double the rate of GDP growth.

/ LIQUIDITY & EXITS

A slowdown in liquidity events may be contributing to the minimal cash compensation increases. The average CFO tenure has grown from 32 to 35 months. Sponsor-to-sponsor exits now dominate over strategic sales, limiting the role-changing premiums for CFOs.

/ CFO MOBILITY & WORK LOCATIONS

One of the surprising findings this year is that only 37.5% of CFOs work primarily on-site at company headquarters, while 30% report working primarily from home. This is the first year we’ve asked about work location, and it correlates with a drop in relocation for new roles—only 14.9% of respondents relocated, compared to a historic range of 25-30%. It will be interesting to see if this trend shifts back in future surveys.

Download the Report Here

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