Finance teams have a vital role to play in building sustainable businesses, and CFOs can help them step up to the challenge.

Survey also shows poor progress on diversity, with chief executive appointments being almost exclusively white and male.

The remit and responsibilities of the chief financial officer have changed, which can seem daunting for those entering the role.

The former chief financial officer of Tesco and Marks & Spencer joins the Burberry Group’s board on 1 September.

Tonge is leaving his roles as chief financial officer and chief strategy officer at M&S to join Associated British Foods, owners of Primark.

Dermot McDonogh will join the global investments company later this year from Goldman Sachs, succeeding Emily Portney.

Ami Sharma will join the board as chief financial officer in August. He will replace Jon Abell, who is retiring.

The pensions savings and life insurance group appointed Murray, who had been serving as a NED, to assume the role in September.

Current CFO Kevin Ozan is to become senior executive vice president, strategic initiatives, in September, and plans to retire next year.

Sebastian Ebel and Mathias Kiep will assume their roles on 1 October, following Fritz Joussen’s resignation.