There is a growing trend in the business world where CEOs have previously held the position of CFO. In this episode, Andrea discusses this trend, the research behind it, and the reasons why it may be happening. Additionally, Andrea talks about the influence of the current economic climate on the decisions of board members and the influence this may have.

KEY TAKEAWAYS
30% of Fortune 100 CEOs have previously served as CFOs, this trend is replicated across the corporate world.
CFOs keep the company in a safe financial position, this is recognised highly by CEOs and the board.
In challenging economic times, whoever is looking after ‘the numbers’ generates a lot of trust and attention.
If a decision for a new CEO has to be made quickly, the COO and CFO are candidates that are frequently looked at first.
CFOs have strong existing relationships with board members than many other senior roles.
The risk-averse nature of CFOs can lend itself to periods of uncertainty like we are seeing in the economy and therefore many businesses at the moment.
The mindset of a CFO generally lends itself to keeping the status quo, they can find it more challenging to shift to a growth mindset that may be needed for a more ambitious future for companies.

BEST MOMENTS

“This trend is clearly on the rise”

“They provide a sense of stability and control to the board”

“They have a stronger relationship, that CFOs have with the board”

“They feel more confident, in a safer place, especially when restructuring to hand over to a CFO”

“CFOs are inherently risk-averse” 

 "If you really want to drive top-line revenue, choosing a CFO could be a really risky decision" 

VALUABLE RESOURCES

Like the show? Please leave or write a review on your favourite podcast platform!

The World Class Leaders Show YouTube: https://www.youtube.com/channel/UC59dect0RJ5cuxIXsX7hCRw

Let Andrea know your thoughts or share your comments via LinkedIn or via email

For more information on Andrea’s work and access to other valuable resources, please visit the website

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Need more? Book a 30 min call here: Need more? Book a 30 min call here: https://calendly.com/andreapetrone/strategy-call-30.

ABOUT THE HOST

My name is Andrea Petrone. I'm a Human Performance and Leadership Advisor, Executive Coach and International Speaker. I help leaders and their teams to change their mindsets and master their leadership capabilities so they can achieve extraordinary performance. I've been in the corporate world for more than 20 years working globally - in 6 countries and 3 continents - for medium-large companies.

There is a growing trend in the business world where CEOs have previously held the position of CFO. In this episode, Andrea discusses this trend, the research behind it, and the reasons why it may be happening. Additionally, Andrea talks about the influence of the current economic climate on the decisions of board members and the influence this may have.
KEY TAKEAWAYS
<ul>
<li>30% of Fortune 100 CEOs have previously served as CFOs, this trend is replicated across the corporate world.</li>
<li>CFOs keep the company in a safe financial position, this is recognised highly by CEOs and the board.</li>
<li>In challenging economic times, whoever is looking after ‘the numbers’ generates a lot of trust and attention.</li>
<li>If a decision for a new CEO has to be made quickly, the COO and CFO are candidates that are frequently looked at first.</li>
<li>CFOs have strong existing relationships with board members than many other senior roles.</li>
<li>The risk-averse nature of CFOs can lend itself to periods of uncertainty like we are seeing in the economy and therefore many businesses at the moment.</li>
<li>The mindset of a CFO generally lends itself to keeping the status quo, they can find it more challenging to shift to a growth mindset that may be needed for a more ambitious future for companies.</li>
</ul>
BEST MOMENTS
“This trend is clearly on the rise”
“They provide a sense of stability and control to the board”
“They have a stronger relationship, that CFOs have with the board”
“They feel more confident, in a safer place, especially when restructuring to hand over to a CFO”
“CFOs are inherently risk-averse” 
 "If you really want to drive top-line revenue, choosing a CFO could be a really risky decision" 
VALUABLE RESOURCES
Like the show? Please leave or write a review on your favourite podcast platform!
The World Class Leaders Show YouTube: https://www.youtube.com/channel/UC59dect0RJ5cuxIXsX7hCRw
Let Andrea know your thoughts or share your comments via <a href="http://linkedin.com/in/andreapetrone">LinkedIn</a> or via <a href="http://Andrea@andreapetrone.com/">email</a>
For more information on Andrea’s work and access to other valuable resources, please visit the <a href="https://www.andreapetrone.com/">website</a>  
 If you don’t want to miss any episode and receive the full article in your inbox, subscribe today to our <a href="https://www.andreapetrone.com/blog">blog</a>
Need more? Book a 30 min call here: Need more? Book a 30 min call here: <a href="https://calendly.com/andreapetrone/strategy-call-30">https://calendly.com/andreapetrone/strategy-call-30</a>.
ABOUT THE HOST
My name is Andrea Petrone. I'm a Human Performance and Leadership Advisor, Executive Coach and International Speaker. I help leaders and their teams to change their mindsets and master their leadership capabilities so they can achieve extraordinary performance. I've been in the corporate world for more than 20 years working globally - in 6 countries and 3 continents - for medium-large companies.

Welcome to the World-Class Leaders Show.
This is the podcast for ambitious leaders who are interested in human performance for developing a winning mindset and raising standards. By deconstructing the success of global world-class CEOs, CXOs and other brilliant minds, we share their stories, lessons and practical strategies to help you turn into a world-class leader and achieve results beyond the obvious.
My name is Andrea Petrone. I'm a Human Performance and Leadership Advisor, Executive Coach and International Speaker. I help leaders and their teams to change their mindsets and master their leadership capabilities so they can achieve extraordinary performance. I've been in the corporate world for more than 20 years working globally - in 6 countries and 3 continents - for medium-large companies.
www.andreapetrone.com
https://www.linkedin.com/in/andreapetrone/
andrea@andreapetrone.com

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