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CHRO
Trends
2025
Insightsfromthe
Fortune200Chief
HumanResources
OfficerandChief
PeopleOfficer
changes.
Author:
ZacUpchurch
ChiefOperatingOfficer
TalentStrategyGroup
CHROTrends2025
TheTalentStrategyGroup
CHROTRENDS2025/PAGE2
CHROTrends
ReadpreviousCHROTrendReports:
•
2024CHROTrends
•
2023CHROTrends
•
2022CHROTrends
•
2021CHROTrends
•
2020CHROTrends
•
2019CHROTrends
•
2018CHROTrends
WelcometotheeightheditionofthisChiefHumanResourcesOfficer(CHRO)andChiefPeopleOfficer(CPO)TrendsReport,providingaviewintotheevolvinglandscapeofHumanResourcesleadershipacrosstheFortune200companies.Thisyear’sreportidentifiessevenkeytrendsshapingtheroleandintroducesthenewlyappointed2024Fortune200CHROsandCPOs.
KeyFindingsInclude:
•CHRO/CPOTurnoverRisesSharply:In2024,30newCHROs/CPOswereappointed–representinga15.5%turnoverrateanda36%
increaseinturnoveryearoveryear.Collectively,these30leadersoverseemorethan2millionemployeesand$1.5trillioninannualrevenue.
•InternalSuccessionDeclines:Only53%of2024appointeeswerepromotedfromwithin,downfrom73%in2023–markinga27%declineininternalCHRO/CPOsuccession.
•FemaleAppointmentsHitRecordHigh:FemaleCHROs/CPOsrep-resented80%ofnewappointments,thehighestproportionsincethereport’s2017inception.
•CEOTransitionsDriveCHRO/CPOChange:WhenaCEOtransitionoccurred,CHRO/CPOturnoverfollowedin52%ofcases–tripling
thelikelihoodofHRleadershipchangewithin12months.
Iwishtothankthereportcontributors,andIlookforwardtoworkingwiththeseChiefHumanResourcesOfficersandChiefPeopleOfficerstoadvancethefieldofHumanResourcesin2025andbeyond.
ZacUpchurch
ChiefOperatingOfficerTalentStrategyGroup
TheTalentStrategyGroup
CHROTrends2025
TheTrends
CHROTRENDS2025/PAGE3
1.
CHRO/CPOTURNOVERINCREASES36%
TurnoveramongFortune200ChiefHumanResourcesOfficers(CHROs)andChiefPeopleOfficers(CPOs)
rosesignificantlyin2024,with30companiesappointingnewheadsofHumanResources(HR)–representinganannualturnoverrateof15.5%.
Fortune200CHRO/CPOAppointmentsbyYear
40
30
20
10
0
2024
2017
2018
2019
2020
2021
2022
2023
Afterasteadydeclinesince2021,CHRO/CPOturnoverreboundedsharplyin2024–rising36%yearoveryear.Thatmomentumhascontinuedinto2025,withatleast22newCHRO/CPOappointmentsinthefirsthalfof
theyearalone.
CHROTrends2025
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CHROTRENDS2025/PAGE4
2024CHRO/CPOTurnoverRatebyFortuneRanking
25%
20%
15%
10%
5%
0%FORTUNE1-50FORTUNE51-100FORTUNE101-150FORTUNE151-200
Distributionof2024CHRO/CPOTurnoverbyFortuneRanking
TurnoverwasmostsignificantamongFortune151-200companies,whichsawa24%CHRO/CPOturnoverrate–accountingfor40%ofallFortune200HRleadershipchangesin2024.Incontrast,Fortune1-50com-paniesexperiencedthegreateststability,withjusta6%turnoverrate,representingonly10%oftotal2024transitions.
CHROTrends2025
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CHROTRENDS2025/PAGE5
2.
INTERNALCHRO/CPOSUCCESSIONDECLINES27%
79%
ofthe2024externallyappointedCHROs/CPOs
previouslyservedasaCHRO/
CPO
53%
of2024CHRO/CPO
appointmentswerevia
internalsuccesion
In2024,53%ofCHRO/CPOappointmentswereinternalsuccessions.Oftheexternalhires,79%hadpriorCHRO/CPOexperience–highlightingthepremiumplacedonprovenCHRO/CPOleadershipwhenhiringexternally.AmongsittingCHROs/CPOswhotransitionedtonewcompanies,82%movedtoorganizationsrankedhigherintheFortune200,indicatingastrongpreferenceforupwardmobilityinCHRO/CPOcareermoves.
RateofInternalCHRO/CPOSuccessionbyYear
80
60
40
20
0
2019
2017
2018
2020
2021
2022
2023
2024
TheinternalsuccessionrateforCHRO/CPOrolesdroppedto53%in2024–asharpdeclinefrom73%in2023–markingareversaloftheupwardtrendininternalappointmentsseensince2021.
60%
ofallFortune200CHROs/CPOsappointedvia
internalsuccesion
58%
averageannualrateofCHRO/
CPOappointmentsvia
internalsuccesionsince2017
The53%internalsuccessionratein2024alsofallsbelowthehistoricalaverageof58%sincethisreport’s2017inception–andbelowtheoverallshareofsittingFortune200CHROs/CPOswhowereinternallypromoted.
TheTalentStrategyGroupCHROTrends2025
CHROTRENDS2025/PAGE6
3.
FEMALECHRO/CPOAPPOINTMENTSINCREASE25%
69%
ofallFortune200CHROs/CPOs
arefemale
80%
of2024CHRO/CPO
appointmentswerefemale
FemalerepresentationintheCHRO/CPOrolecontinuestodominate,withfemalesaccountingfor80%ofall2024appointments–thehighestannualratesincethisreportbeganin2017.Overall,69%ofsittingFortune200CHROs/CPOsarefemale,afigurethathasremainedlargelyconsistentinrecentyears.
The80%femaleappointmentratein2024reflectsacontinuedshifttowardselectingfemalesfortheCHRO/CPOrole–regardlessofpredecessorgender.WhentheoutgoingCHRO/CPOin2024wasmale,83%ofsuc-cessorswerefemale;whenthepredecessorwasfemale,75%ofsuccessorswerealsofemale.
CHROTrends2025
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CHROTRENDS2025/PAGE7
4.
HRANDBUSINESSEXPERIENCEPRIORTOCHRO/CPOAPPOINTMENTMOSTLYUNCHANGED
In2024,93%ofnewlyappointedCHROs/CPOshadpriorexperienceinHumanResources–aslightincreasefrom91%in2023.AmongthefewwithoutHRbackgrounds,allwereinternalsuccessorstransitioningfromLegalroles.AcrossthebroaderFortune200,90%ofsittingCHROs/CPOsheldHRexperiencepriortotheirappointment,reinforcingthefunction’spreferencefordomainexpertiseinthetopHRrole.
46%
ofallFortune200CHROs/CPOs
haveexperienceoutsideof
HumanResources
47%
of2024appointedCHROs/CPOs
haveexperienceoutsideof
HumanResources
Incontrast,experienceoutsideofHRislesscriticalforreachingtheCHRO/CPOrole.Among2024appoin-tees,47%hadheldrolesoutsidetheHRfunction–closelyalignedwiththebroaderFortune200figureof
46%.OfthosewithexperienceoutsideofHR,93%heldsubstantivemid-tolate-careerrolesspanningLegal,Finance,orGeneralManagementwithP&Lresponsibility.
2:1
HRBP:COERatioof
2024CHRO/CPOappointment
TheHumanResourcesBusinessPartner(HRBP)pathremainsthemostcommonroutetotheCHRO/CPOrole.In2024,foreverytwoCHRO/CPOappointmentscomingfromHRBProles,onecamefromaCOEbackgroundsuchasTalentManagement,HRStrategy,orTotalRewards.
CHROTrends2025
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CHROTRENDS2025/PAGE8
5.
CEOTURNOVERINCREASESCHRO/CPOTURNOVERBYOVER3X
CHRO/CPOChangesBasedon2024Fortune200CEOAppointments
CHRO/CPOturnovertypicallycloselytracksCEOtransitions.Within12monthsofaCEOchange,52%ofCHROs/CPOsturnover–morelikelytoexitthantoremain.Among2024Fortune200CEOappointments,20%replacedtheirCHRO/CPOaftertheirpromotionwasannouncedbutbeforeofficiallytakingtherole,andanother32%changedtheirCHRO/CPOwithintheirfirstyear.Only48%ofCHROs/CPOsremaininrolebeyond12monthsofaCEOtransition,makingCHRO/CPOturnovermorethanthreetimeshigher
thantypicalannualratesduringperiodsofCEOchange.
6.
CHRO/CPOTRANSITIONSOCCURINMOSTLYUNDERPERFORMINGCOMPANIES
41%
of2024CHRO/CPO
appointmentcompanieshada
declining2023stockprice
89%
underperformedtheS&P500in2023
of2024CHRO/CPOsappointmentcompanies
Most2024CHRO/CPOappointmentsoccurredamidperiodsofcompanyunderperformance.Amongthe27publiclytradedcompanieswithaCHRO/CPOtransitionin2024,41%sawstockpricedeclinesin2023,whileanother48%postedgainsthatlaggedtheS&P500’s23.1%increase.Only11%ofcompaniesoutper-formedtheS&P500benchmarkin2023.Thetrendbecomesstarkeroveralongertimehorizon.Fromthestartof2023tothebeginningof2025,48%ofthesecompaniesexperiencedstockpricedeclines,andjust7.4%outpacedtheS&P500’s53.2%gain–suggestingCHRO/CPOtransitionsoftencoincidewithbroadercompanyperformancechallenges.
CHROTrends2025
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CHROTRENDS2025/PAGE9
7.
CHROs/CPOsAREHIGHLYEDUCATEDBUTNOTVERYGLOBAL
AllCHROs/CPOsappointedin2024holdundergraduatedegreeswithPsychology,PoliticalScience,andEconomicsemergingasthemostcommonfieldsofstudy.ThismirrorsthebroaderFortune200where99%ofCHROs/CPOsholdundergraduatedegrees.Additionally,73%of2024appointeeshaveatleastonead-vanceddegree,closelymirroringthe70%rateacrossallFortune200CHROs/CPOs.
23%
appointmentshaveglobal
experience
of2024CHRO/CPO
25%
ofallFortune200CHROs/CPOshaveglobalexperience
Globalexperienceamong2024CHRO/CPOappointeesdeclinedto23%,downfrom38%in2023.WhenaCHRO/CPOhasglobalexperience,thenatureofthatexperiencevariedsignificantly–rangingfromshort-term,early-careerrotationstoextensive,multi-countryassignments.Notableexamplesofgloballydiverseappointeesinclude:
•MuzzamilKhiderAhmed,ChiefPeopleandCultureOfficeratBakerHughes,withexperienceintheUnitedStates,UnitedArabEmirates,Colombia,Ecuador,andEgypt.
•JojiSekhonGill,ChiefHumanResourcesOfficeratAppliedMaterials,withexperienceintheUnitedStates,Singapore,India,andvariousregionsinEurope.
CHROTrends2025
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CHROTRENDS2025/PAGE10
2024NewlyAppointedFortune200CHROs/CPOs
CompanyName
CHRO/CPO
Title
CVSHealth
HeidiCapozzi
EVP,ChiefPeopleOfficer
WalgreensBootAllianceJohnson&Johnson
ElizabethBurger
KristenMulholland
EVP,ChiefHumanResourcesOfficer
EVP,ChiefHumanResourcesOfficer
Boeing
UmaAmuluru
ChiefHumanResourcesOfficer,EVP,HumanResources
MetLife
ShurawlSibblies
EVP,ChiefHumanResourcesOfficer
Merck
BettyLarson
EVP,ChiefHumanResourcesOfficer
TDSynnex
AlimDhanji
ChiefHumanResourcesOfficer
TysonFoods
JacquelineHanson
ChiefPeopleOfficer
AmericanInternationalGroupBristol-MyersSquibb
KellyLafnitzegger
AmandaPoole
EVP,ChiefHumanResources&DiversityOfficerEVP,ChiefPeopleOfficer
UnitedServiceAutomobileAssociationGeneralDynamics
TamiCabaniss
ShaneBerg
EVP,ChiefHumanResourcesOfficer
SVP,HumanResourcesandAdministration
WarnerBros.DiscoveryMondelezInternational
JenniferRemling
StephanieLilak
ChiefPeopleandCultureOfficer
EVP,ChiefPeopleOfficer
BankofNewYorkMellon
ShannonHobbs
ChiefPeopleOfficer
DollarTree
SteveSchumacher
ChiefPeopleOfficer
HewlettPackardEnterprise
KristinMajor
EVP,ChiefPeopleOfficer
DukeEnergy
NextEraEnergy
CameronMcDonald
NicoleDaggs
SEVP,ChiefHumanResourcesOfficer
EVP,HumanResourcesandCorporateServices
AppliedMaterials
BakerHughes
McDonald's
JojiGill
MuzzamilKhiderAhmed
TiffanieBoyd
GroupVP,ChiefHumanResourcesOfficer
ChiefPeopleandCultureOfficer
ChiefPeopleOfficer
PG&E
UnionPacific
KaledAwada
JoshuaPerkes
EVP,ChiefPeopleOfficer
SVP,ChiefHumanResourcesOfficer
RiteAid
GenuineParts
TeriSchanck
JennHulett
SVP,ChiefPeopleOfficer
EVP,ChiefPeopleOfficer
ExelonCDW
DeniseGalambos
KateSanderson
SVP,ChiefPeopleOfficer
ChiefHumanResourcesOfficer,SVPofCoworkerSuccess
DiscoverFinancialServices
WasteManagement
CarrieBlair
KimStith
EVP,ChiefHumanResourcesOfficer
ChiefHumanResourcesOfficer
CHROTrends2025
TheTalentStrategyGroup
CHROTRENDS2025/PAGE11
AbouttheResearch
ThisreportwasproducedbyanalyzingtheFortune200companies(basedonthe2024Fortuneranking)andpubliclyavailableinformationforChiefHumanResourcesOfficersandChiefPeopleOfficers.WeadditionallyspokewithmanyCHROsandCPOs,investorrelationsofrespectivecompanies,andtheCHROs/CPOsteamstovalidatedatawherepubliclyavailableinformationwasnotsufficient.
Intotal,193oftheFortune200companieshadanidentifiableCHROorCPOin2024.Thetrendshighlightthose193compa-nies.Somecompanies,forexampleBerkshireHathaway,donothaveasittingChiefHumanResourcesOfficerorChiefPeopleOfficer.Inthosesituations,thecompanywasexcludedfromthisreport
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