Russell Reynolds Associates’ Post

With 65% of CFOs being likely to make a career move today, succession planning has never been more critical. Swedish organizations often perceive their internal bench as insufficiently strong, leading them to rely on external hires – which can lead to missed opportunities. Learn more about the CFO landscape in Sweden from our expert, Sophia Nerell: https://bit.ly/4bX3DyN #CFO #Sweden #SuccessionPlanning

This report reveals that 25% of CFOs need a formal succession plan, especially in companies with revenues over $10 billion, risking disruptions and shareholder concerns during transitions. Traditional succession planning is often complex and slow, contributing to its neglect. Modern CFOs must be strategic, tech-savvy, and commercially minded, reflecting their expanded role. Boards should prioritize detailed succession plans to ensure stability. Despite mixed feelings, current CFOs must prepare qualified successors for long-term success. The report offers insights into smooth transitions and identifying future CFOs amidst growing role demands.

This report reveals that 25% of CFOs need a formal succession plan, especially in companies with revenues over $10 billion, risking disruptions and shareholder concerns during transitions. Traditional succession planning is often complex and slow, contributing to its neglect. Modern CFOs must be strategic, tech-savvy, and commercially minded, reflecting their expanded role. Boards should prioritize detailed succession plans to ensure stability. Despite mixed feelings, current CFOs must prepare qualified successors for long-term success. The report offers insights into smooth transitions and identifying future CFOs amidst growing role demands.

Succession planning has been a key topic of focus by Boards, yet 25% of the CFOs surveyed indicted that their company does not have a formal CFO succession plan. Even more surprising, the highest proportion (28%) of those companies without a CFO succession plan come from the survey's highest revenue bracket. Deloitte's most recent CFO Insights focuses on why a company needs a formal CFO succession plan. Better to confront it now than to have to identify the next CFO while scrambling to address a key departure!

If the early years of a CFO’s tenure are about dousing any fires, scoping out the challenge, and pulling together the core team, midtenure is when the best finance leaders get bold. To understand how CFOs can find that higher gear, we interviewed eight former finance leaders about their midtenure moves. Here are the four midtenure priorities we identified: https://mck.co/4boboxU #CFO #strategy #finance #CorporateFinance

I love Marjorie Lao's quote that the job of the CFO "is not to necessarily be the person who says no but to say, ‘Yes, as long as we do this’ or ‘Yes, under these conditions.’ That’s a mindset change from finance as resource guardian to finance as business enabler.” For more tips from former CFOs, see this compelling article on mid-tenure priorities...

If the early years of a CFO’s tenure are about dousing any fires, scoping out the challenge, and pulling together the core team, midtenure is when the best finance leaders get bold. To understand how CFOs can find that higher gear, we interviewed eight former finance leaders about their midtenure moves. Here are the four midtenure priorities we identified: https://lnkd.in/ey6_9WBF #CFO #strategy #finance #CorporateFinance

If the early years of a CFO’s tenure are about dousing any fires, scoping out the challenge, and pulling together the core team, midtenure is when the best finance leaders get bold. To understand how CFOs can find that higher gear, we interviewed eight former finance leaders about their midtenure moves. Here are the four midtenure priorities we identified: https://lnkd.in/g48GCxEN #CFO #strategy #finance #CorporateFinance

If the early years of a CFO’s tenure are about dousing any fires, scoping out the challenge, and pulling together the core team, midtenure is when the best finance leaders get bold. To understand how CFOs can find that higher gear, we interviewed eight former finance leaders about their midtenure moves. Here are the four midtenure priorities we identified: https://lnkd.in/gwVbBWr4 #CFO #strategy #finance #CorporateFinance

If the early years of a CFO’s tenure are about dousing any fires, scoping out the challenge, and pulling together the core team, midtenure is when the best finance leaders get bold. To understand how CFOs can find that higher gear, we interviewed eight former finance leaders about their midtenure moves. Here are the four midtenure priorities we identified: https://lnkd.in/ewcaWGuw #CFO #strategy #finance #CorporateFinance