The level of attention on the role of Chief Financial Officer has never been higher. The seismic impact of the Covid-19 pandemic has profound implications for the current and future economic health of businesses in the UK and beyond. Subsequently, the financial performance and decision-making of companies has come under unprecedented scrutiny. Make no mistake, CFO appointments are under the microscope!
We live in an age of heightened awareness of inequality, diversity and inclusion, where social media has the power to change the world’s perceptions, and where memories of financial mismanagement at Tesco, Patisserie Valerie, Carillion and Enron remain fresh in the mind.
In this context, the CFO bears a huge responsibility in deciding on the level of risk an organisation is prepared to take on, second only to the CEO. It is, therefore, appropriate to examine the routes taken by CFOs to their current roles.