CEO with financial professional is a new trend for enterprises to choose CEO recently, yet few researches have been made under which form this type of executives wins support in succession to form the performance advantage. Focusing on the succession event of CFO succeeding CEO in A-share state-owned listed companies from 2015 to 2018, this paper conducts a fuzzy-set qualitative comparative case analysis to study the succession form and effect of CFO on CEO. It is found that there are three types of CFO succession that will produce good succession effect: supervisory expansion, cooperative inheritance, and substitution prevention. This study proposes that whether financial professional can become a performance advantage depends on the succession form formula composed of the succession arrangement of the former CEO and the financial characteristics, which, as different paths, provide convenience for financially professional CEO to achieve good succession effect.