It was the year of the CFO in more ways than one, as the finance chief’s role expanded by necessity at many companies. All of the standard challenges were still there, such as leading the finance organization. But as CFO noted, plenty of new challenges emerged in 2009, such as maintaining liquidity and risk management.
We also looked at the ups and downs of the job search — a process, unfortunately, that many finance executives in the latter part of their careers were forced to undertake. Throughout the year, CFO chronicled how individual CFOs were coping with the stress of hard times, burnishing their résumés and inspiring others. Here are some of our readers’ favorites:
The skills companies value in finance leaders continue to shift with the times, with strategic acumen now edging past capital-markets experience, headhunters tell the crowd at CFO Rising.
CFOs have long aspired to that lofty moniker. Is the time at hand when many can lay claim to it?
Most CFOs say that making job cuts is the single most difficult part of their jobs, but there are ways to manage this painful process more effectively.
Learning international accounting standards early on could provide a career boost like no other.
A professor says most human resources professionals are ill-equipped to carry out value-added workforce planning and transformation.
Beyond offering extra bucks, finance chiefs are finding that reshaping jobs, providing community-service and fitness opportunities, and supplying ad hoc vacation days are good tools to use to hang on to skilled finance staff.
Your office door may be closed for a good reason, but there are many better reasons to open it — and walk through it.
Dazzling them with your finance knowledge can help keep the capital flowing, recession notwithstanding, according to private-company CFO Ron Box.
Top risk cops are taking a fresh look at corporate exposures in the wake of the financial crisis.
Don’t cold-call recruiters, but return their cold calls and feed them information. Package your experience as a compelling story and build a big network of references.
Finance executives who fill temporary roles like the diversity of experiences and the resulting expansion of their skills.
More and more finance executives fit that description in these days of recession and downsizing. The best cure: constant effort and a positive outlook.
Using his background in corporate planning, Rich Fearon has helped Eaton Corp. cut its auto-industry exposure and boost its involvement in the electrical-efficiency business.
A software firm’s finance and operations chief puts himself on the front lines of customer interaction. His other passion: carefully nurturing the company’s ESOP.
Michael Mancuso’s cost-cutting moves since coming out of retirement to lead finance at Computer Sciences Corp. have included freezing the company’s pension fund and ditching executive car perks.
A former Tyco finance executive finds wide latitude to use his cost-cutting and other business-process skills.
The recession may not be all kicks, but it’s not short of challenges for a CFO. Here’s a view of the ups, downs, and demands through the eyes of the finance chief at software company Informatica.