The 4 Types of CFOs

The 4 Types of CFOs

There are 4 types of CFOs that CEOs need to know about.

 

1. The Numbers Expert

The numbers expert type of CFO traditionally has experience with multiple positions within the finance department, including controllership, treasury, auditing, and financial planning. They are usually an internal hire. Because of this, they tend to hold a great understanding of the inner workings of the company.

 

2. The Strategist

The strategist is a CFO that a company usually hires from outside of the finance department. They typically have experience working in other verticals, such as operations, marketing, and general management. These folks focus on tightly run operations and the allocation of business resources. They also often have a major influence on their colleagues regarding major business decisions.

 

3. The KPI Advocate

The KPI advocate type of CFO love their scorecards. Many are hired from outside of the organization because they provide a non-biased look at performance metrics, cost reports, and standardized data. To them, everything is measurable. They often have a strong focus on meeting or exceeding established goals.

 

4. The Growth and Development Wizard

Although the least common among CFOs, the growth and development wizard type is becoming more popular. Growth and development wizards are usually hired externally. They generally have years of experience in mergers, acquisitions, private equity, and venture capitalism. They keep their eye on the prize of expanding the current business operations of the company.

 

Source: growthforce.com

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