How a CFO can graduate to CEO
Janine Brewis. В Corporate Finance. В London: В Jun 99., В Iss. В 175; В pg. 13 Fuzy (Summary)
Positions of electrical power within corporates are highly desired, and present chief economic officers and finance owners are becoming increasingly aware that they now have an authentic opportunity to become CEO. Portion of the reason for the trend towards hiring CFOs that can behave as ideal partners is usually that the investor community looks a lot more critically on the business efficiency and administration strengths and weaknesses of corporates. This kind of strategic placement gives all of them an opportunity to aficionado up their very own image, and make themselves seen as a more credible candidate to take within the CEO role. Full TextВ (897В words)
Copyright laws Euromoney Magazines PLC Jun 1999
There will always be leadership battles in corporates, either bubbling under the area away from the watchful eye from the public, or perhaps high-profile feuds that make the headlines. Positions of electricity within corporates are highly desired, and this chief financial officers and finance administrators are becoming increasingly aware that they now have a realistic opportunity of becoming chief executive officer. The role of the CFO is evolving in addition to more options for the right sort of candidates to obtain CEO position, although not almost all CFOs potentially have. Such job issues came into focus a month ago when Phil Yea, group finance representative at UK food and drink group Diageo, declared that he would leave the company following six years' service while using group and with Guinness before this merged with Grand Metropolitan in 1997 to create Diageo (see plO). Yea refuted speculation that he had primarily based his decision on the knowledge that he would not get the CEO position inside the company that could become empty when chief executive John McGrath retires at the end of the yr. Chairman Tony a2z Greener likewise retires this season. CFOs are now expected to interact with their supervision...
References: Topics: | Chief executive officers, В Chief financial officers, В Roles, В Trends, В Corporate supervision
Classification Codes | 9190, В 2130