How to Pick a Winning CFO

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Criteria for selecting a winning CFO; extracted from an article in CFO Magazine.

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How to Pick a Winning CFO

  1. 1. How to Pick a Winning CFO The following critical attributes were presented in a CFO Magazine article dated April 15, 2005 entitled How to Pick Winning Finance Execs. ▪ Passion and Energy count for a great deal. ▪ They seek duties beyond the technical, they show leadership potential, they can strategize, and they can put financial data into the context of the overall business. ▪ People who have the hardest time getting to the executive level are the ones who were accounting majors. Raw intelligence (“intellectual horsepower”) is a better determinant of success; i.e., connecting facts with business issues. ▪ The content of the CPA exam and the responsibilities of the CFO job show very little correlation. ▪ They show a willingness to grow; taking on assignments that stretch their skills, and expanding those skills. ▪ They have a balance of internal and external exposure; working with people inside & outside the company ▪ They have an appetite for challenge; such as willingness to join an underperforming business unit. ▪ Communication and presentation skills are also key. ▪ There is an elusive mixture of technical expertise, business savvy, and personality ▪ They have exposure to the different disciplines of finance; i.e., controllership, a tad of financial analysis, and treasury ▪ They are results-oriented ▪ The biggest differentiators are the ability to see the big picture, and interpersonal skills ▪ They have “presence” and confidence The full article can be viewed at: http://www.cfo.com/article.cfm/3880906?f=home_featured

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