Matt DiCanio spent four years as Concentra’s president and nearly three years as CFO before becoming CEO of the occupational healthcare services provider Nov. 1.
Mr. DiCanio’s move reflects a broader trend across industries. For companies in the Fortune 500 and S&P 500, the CFO-to-CEO pipeline reached a decade-high 10.26% in 2025, up from 7.1% in 2024, according to a study from Crist Kolder Associates.
Five things to know:
1. Healthcare companies accounted for 10.3% of the 78 CEO turnovers in 2025. The consumer sector had the most at 24.4%.
2. Healthcare companies accounted for 15% of the 120 CFO turnovers in 2025. Services accounted for the most at 20.8%.
3. Companies looked internally for CFOs more often. CFO external hires slumped from 47.1% in 2024 to 35% in 2025, with a historical average of 39%.
4. Healthcare CEOs tend to last 7.3 years in the role, while healthcare CFO tenures last 4.3 years.
5. The CFO-CEO age gap is narrowing. The average age at hire for CEOs is 53.2 years old, closing in on CFOs at 51.9 years old. In 2024, the average CEO hiring age was 54.3 years old, and the average age of a CFO hire was 49.8 years old.
