Wednesday, March 30, 2005

Room at the Top


by Eric Krell

What does it take to ascend from CFO to CEO? Think leadership and operations skills. The trick is for CFOs to expand their functional domain and get out of the office into employee and customer environments.

The value of the CPA designation, financial reporting mastery and internal controls knowledge has soared as the regulatory environment has become more stringent, but hard-core finance and accounting skills alone do not propel CFOs into the CEO suite. According to four former CFOs who became CEOs in the past few years, deep operational experience, customer interaction and communication savvy help make CFOs viable CEO candidates. None of the former finance executives possesses a CPA, yet all of them believe that their tenure as CFO equipped them with perspectives and experiences that have enhanced their performance as chief executives.

See full Article.