Bronzegate’s Post

As finance moves more and more to the center of business, the collaboration between the CFO, CEO, and Board has become more crucial than ever. Over the past year, I've worked with several growing companies on strategies to center finance more within their culture. The most strategic and transparent form of finance is a consistent flow between the CFO, CEO and Board. By fostering a strong and transparent relationship with the CEO and the Board, the CFO can effectively center finance in the company’s vision and operations. Here's a brief breakdown of some of the key strategies I helped implement to facilitate effective support and execution to drive growth and ensure financial stability. From clear communication to fostering data-driven decision-making, these strategies not only enhance leadership synergy but also pave the way for sustained success. #Finance #Leadership #CFO #CEO #BusinessStrategy

In today's dynamic business environment, the role of a CFO in a PE-backed company is more critical than ever. The unique challenges and opportunities presented by PE-backed firms demand a CFO with specific expertise and experience. These candidates understand how fast-paced and performance driven PE backed environments can be and are very experienced with driving performance under pressure. A CFO with a proven track record in such settings is better equipped to handle the intense scrutiny and high expectations, driving performance improvements and operational efficiencies. To all PE firms out there, take the time to find a CFO with the right background. The success of your investment might just depend on it! #PrivateEquity #CFO #Leadership #Finance #BusinessGrowth #Strategy #ValueCreation

Resilience in Leadership: Recently, I met a CFO who joined a company believing it was EBITDA positive, only to find out it was actually EBITDA negative. Undeterred, the CFO revamped the finance team, implemented new processes, and worked tirelessly to get the company back on track. Their efforts focused on achieving EBITDA positivity, rebuilding trust with PE backers and group bankers, and successfully navigating the company towards a successful trade sale within 12 months. Unfortunately, their equity in the company turned out to be worthless. However, their resilience and determination remind us that the journey is just as important as the destination. There was no financial gain, but the lessons learned, challenges overcome, and impact made along the way are invaluable. I hear similar stories from many CFOs in my network. There always is a demand for talent that can transform businesses, especially those with skills in business change, turnaround, and exit experience. But we are certainly seeing this as a key area in experience required currently. What have your experiences been in recent roles, and how have you navigated such a journey? What would you do next time? @caminosearch #businessturnaround #privateequity #equity #changemanagement

#CEO succession is a primary responsibility of the Board and not an easy equation to resolve. Having a structured plan is an imperative, building options makes the difference. What’s your view about CFOs transitioning to CEO role? Here following a recent paper we published.

"As companies and as boards look at CEO succession, increasingly they may want to consider the CFO as a potential candidate for succession,” said Arun Dhingra, a senior partner and global head of Egon Zehnder' s CFO and audit chair practice. 'The most important thing a board does is appointing the CEO, so as part of their duty to look at internal succession candidates, they should increasingly consider the CFO...." https://lnkd.in/gdPBfPHG #boardofdirectors  #boardmatters #boardroom #boards #corporateboards #leadership #boardmembers #businessleaders  #corpgov #governance #strategicleadership #boardleadership #cfo

DIFFERENCE BETWEEN CEO AND CFO IN LEADERSHIP ROLES! Today, let's dive into the exhilarating world of executive leadership and explore the powerhouse roles of the CEO and CFO! Imagine the CEO as the visionary architect, the fearless captain steering the ship towards uncharted territories. With a relentless drive for innovation and growth, the CEO inspires, strategizes, and leads the charge towards the future.The CEO's realm is the big picture – setting goals, making bold decisions, and galvanizing the team to turn dreams into reality! Now, meet the CFO, the financial maestro, the meticulous guardian of the organization's fiscal health. The CFO ensures that every financial decision is sound, sustainable, and strategic. With a sharp eye for detail, the CFO manages budgets, forecasts, and investments, ensuring that resources are utilized efficiently and risks are mitigated. Why are both roles essential for organizational success? It's simple! The CEO's visionary leadership propels the company forward, while the CFO's financial acumen ensures stability and longevity.Together, they form an unbeatable duo, harmonizing growth with prudence. Without a CEO, an organization risks losing direction and momentum. Without a CFO, financial missteps could derail even the most promising ventures. Having both roles ensures a balanced approach to leadership, combining bold innovation with solid financial grounding. So, let's celebrate these dynamic roles that drive our organizations to greatness! Let's champion the synergy between the CEO and CFO, the ultimate dream team! Author: MDeOswald https://lnkd.in/diwVd97a #MDeOswald #Leadership #CEOvsCFO #DynamicDuo #FutureForward #FinancialExcellence

Why Tech Skills are Essential for Today’s CFOs Today’s top CFOs are vastly different than their predecessors because the CFO role itself has changed so dramatically over the last few decades. What used to be a strictly numbers-based executive financial role, has now evolved into a pivotal leadership position that touches numerous areas of the company including HR, IT, operations, manufacturing, sales, and marketing. And this sweeping change has ushered in a shift in what is expected of a CFO’s skillset as well. https://hubs.ly/Q02hXm0w0

Become a Visionary Leader: Overcoming Challenges and Shaping Success Stepping into the role of a CFO is akin to assuming the helm of a ship navigating the intricate waters of finance. The responsibilities extend far beyond financial stewardship; you are a key architect of strategy, a catalyst for organizational progress, and a pivotal player in shaping the very essence of the company you serve. However, CFOs face multifaceted challenges in their pursuit of excellence. Our latest report: The Top Ten CFO Challenges, presents the top ten obstacles faced by finance leaders in today's dynamic landscape— 1. Imposter Syndrome https://lnkd.in/eTeiMXje 2. Feeling Overwhelmed https://lnkd.in/e3-cnE6h 3. Contributing to Strategy https://lnkd.in/evCWREj9 4. Perception of Finance https://lnkd.in/eRH8Nk-5 5. Board Meeting Impact https://lnkd.in/e7-Kt2cx 6. Influencing Other People https://lnkd.in/e8674zxw 7. Improving Gravitas https://lnkd.in/edzX8cgU 8. Team Performance https://lnkd.in/ezgc-5z2 9. Communication https://lnkd.in/etEpHzqu 10. Relationship-Building https://lnkd.in/edD-kSdz These challenges are not roadblocks; they are stepping stones, each presenting an opportunity for growth, resilience and the continuous evolution of leadership capabilities. Your journey as a CFO is a transformative one, and our guide can help you illuminate a path toward greater influence, deeper insights and lasting legacy in the realm of finance. It is not a mere collection of best practices; it is a narrative—a narrative that recognizes the impact a CFO can have beyond spreadsheets and financial reports. Define yourself as a Chief Financial Officer who leaves a profound impact, endures ongoing success, and demonstrates resilience. Reframe your narrative, amplify your influence, and shape your organization’s trajectory by opening up a world of possibility. Read the full report here: https://lnkd.in/dYSkGbBd   #financechallenges #FinancialInsights #financialstrategy #financeleaders #cfos #financialleadership #visionaryleader

From economic volatility to complex transformation initiatives, CFOs and their leadership teams face multiple challenges in the new year. Discover the top five finance priorities for 2024 and actions you can take to drive results.

DIFFERENCE BETWEEN CEO AND CFO IN LEADERSHIP ROLES! Today, let's dive into the exhilarating world of executive leadership and explore the powerhouse roles of the CEO and CFO! Imagine the CEO as the visionary architect, the fearless captain steering the ship towards uncharted territories. With a relentless drive for innovation and growth, the CEO inspires, strategizes, and leads the charge towards the future.The CEO's realm is the big picture – setting goals, making bold decisions, and galvanizing the team to turn dreams into reality! Now, meet the CFO, the financial maestro, the meticulous guardian of the organization's fiscal health. The CFO ensures that every financial decision is sound, sustainable, and strategic. With a sharp eye for detail, the CFO manages budgets, forecasts, and investments, ensuring that resources are utilized efficiently and risks are mitigated. Why are both roles essential for organizational success? It's simple! The CEO's visionary leadership propels the company forward, while the CFO's financial acumen ensures stability and longevity.Together, they form an unbeatable duo, harmonizing growth with prudence. Without a CEO, an organization risks losing direction and momentum. Without a CFO, financial missteps could derail even the most promising ventures. Having both roles ensures a balanced approach to leadership, combining bold innovation with solid financial grounding. So, let's celebrate these dynamic roles that drive our organizations to greatness! Let's champion the synergy between the CEO and CFO, the ultimate dream team! Author: MDeOswald https://lnkd.in/dSvdAVTW #MDeOswald #Leadership #CEOvsCFO #DynamicDuo #FutureForward #FinancialExcellence