Chances are the executive who serves as the right hand to the CEO and key liaison to the audit committee is considering their options, experts say. The Covid-19 pandemic and increased pressure to balance strategic issues such as environmental, social and governance factors with careful capital allocation, growth opportunities and liquidity management is increasingly driving companies to consider replacing first-time or untested CFOs with seasoned executives who can navigate an uncertain and evolving business environment.

The result?

A CFO market that is “red hot and will continue to be for the foreseeable future,” said Cathy Logue, managing director at executive search and consulting firm Stanton Chase’s Toronto office.