– Thoughts on Strategy and Management

CFO’s first hundred days

Recently McKinsey announced the survey results concerning the first 100 days of new CFOs. According to available data McKinsey considered 164 responses from a representative sample of CFOs. The article that contains the findings displays participants’ views about their first hundred days as CFO.

Major findings:

  • CFO may not be spending their time where it’s most needed during the first hundred days.
  • Many CFOs said they received guidance and mentorship from the CEO, who generally wants the CFO to be a full partner in the leadership team and a contributor to company strategy.
  • CFOs also told that they communicate with the core finance team and finance staff primarily in person.
  • Planning, budgeting, management reporting and analysis have been described as major activities.
  • Opposite to this CFOs would prefer to spend their time on corporate wide strategic initiatives

One can read and/or download this article for “CFO’s first hundred days” as pdf-file here. The site does not require an login.

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