Resource Management Group’s Post

CFO to #CIO: could this be a trend we see more of? 👀 Mark Jenkins, Chief Information Officer at MHR (and previously Chief Financial Officer) recently shared his insights on this unique career journey with The CFO. It's an interesting read! You can find the full article at the link below 👇

CFO to #CIO: could this be a trend we see more of? 👀 Mark Jenkins, Chief Information Officer at MHR (and previously Chief Financial Officer) recently shared his insights on this unique career journey with The CFO. It's an interesting read! You can find the full article at the link below 👇

CFO to #CIO: could this be a trend we see more of? 👀 Mark Jenkins, Chief Information Officer at MHR (and previously Chief Financial Officer) recently shared his insights on this unique career journey with The CFO. It's an interesting read! You can find the full article at the link below 👇

This brief read is a bit of an eye opener around the increasing rotation in the CFO role and its impact on the business. It increases the need to adapt to shifts in tenure, responsibilities and characteristics of the modern CFO. This is further amplified by the complexity of the evolving CFO role. There are a number of critical areas where CFOs are taking a broader, more involved leadership role in corporate strategy (including cross-company business transformation and restructuring), transformative digital initiatives and investor activism. 14 minute read and includes actions for current CFOs and Actions for CEOs and CHROs. #cfos #cfoinsights #ceos #chros

The traits that make for a strategic finance leader are different from those even a few years ago — and CFOs who stay on the cutting edge know and embrace that reality.   As CFO founder Jack McCullough puts it, “CFOs used to record history. Now they make history.”   Find out how top CFOs are helping shape strategy: https://lnkd.in/g7fuXjkf

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

In my opinion, the strongest chief executives are those that have come up through finance – in other words, really good CFOs make for really good CEOs.   A move from the CFO to the CEO chair is not nearly as difficult, daunting or unlikely as it may seem, and I believe this transition will become much more commonplace in coming years. Finance executives that want to run a company will have opportunities to do so by positioning themselves appropriately... #careertransition #chieffinancialofficer #chiefexecutiveofficer #teamcbiz

An interesting article in today's CFO Daily by Sheryl Estrada. I have several clients who aspire to become CFOs, I think this is especially insightful about how a breadth of experiences makes a person a better CFO... something we talk about a lot as they plot their path forward https://lnkd.in/gDq4_fsy

58% of CFOs highly value the relationship with the CEO when accepting a new role. Whilst equity, compensation, and the business itself are critical factors, the CEO/CFO dynamic scored the highest in the survey.   The CEO’s involvement in the hiring of a CFO should be in conjunction with the investors. It is important to let the CEO have a visible and active presence during the hiring process, affording them an opportunity to demonstrate the business culture and their own leadership style.   Read the full report here: https://lnkd.in/eC65F8pj

Value focused CFO's can make great CEOs. A growing number of companies are promoting their chief financial officers to the CEO job, according to executive search firm Crist Kolder Associates, with a record number reaching the top rung at the biggest companies last year. In all, 8.4% of S&P 500 and Fortune 500 companies promoted a CFO to CEO last year, up from 5.8% a decade ago. Among them are Indra Nooyi of PepsiCo, Marrion Harris of Ford Credit, Chris Peterson of Newell Brands and Julie Sloat of American Electric Power. "Sometimes boards want to have a steady hand at the wheel, somebody who's very familiar with the financials of the organization can help steer them through this period," said Rich Brady, CEO of the American Society of Military Comptrollers and global chair of the Institute of Management Accountants. "The second factor, though, is also just the skills and capabilities that CFOs develop in their roles that really lends them to be good successors at the CEO level." With this transition, it is important that the newly promoted CEO let go of the CFO responsibilities by hiring an experienced CFO to replace him/her. #ceo #businessowners #cpa #boardsofdirectors #shareholders #csuitepartners #attorneys