Timothy Gurba’s Post

CFO turnover among publicly traded companies surged in the first quarter to a three-year high on an annual basis, according to an analysis by leadership advisory firm Russell Reynolds Associates. A total of 82 new public company finance chiefs were appointed in Q1, a number that is on par with record CFO turnover seen during the same period in 2021, according to the research. The latest figure represents an increase of about 14% from the same period in 2023 and a 24% jump compared with two years earlier, according to Russell Reynolds data shared with CFO Dive. In Q1 2021, the number was 83.

Insights from our interviews with financial officers across Europe and Africa reveal a surge in the number of first-time CFOs across European businesses. Discover the changing landscape of financial leadership across Europe and Africa, with a greater movement of finance professionals between sectors and an increasing number of external talent taking on C-suite positions: https://bit.ly/3PTpNsP. #CFOs #financeleaders #leadership #finance

The traits that make for a strategic finance leader are different from those even a few years ago — and CFOs who stay on the cutting edge know and embrace that reality.   As CFO founder Jack McCullough puts it, “CFOs used to record history. Now they make history.”   Find out how top CFOs are helping shape strategy: https://lnkd.in/g7fuXjkf

Figuring out who can step into the top finance role should it be vacated — immediately or even with a year’s notice — is a nontrivial issue. The board of directors and CEO don’t want to rush to find a new finance chief because picking the wrong person can quickly put market, financial, and operating performance at risk. https://buff.ly/46SOzAC #MBExec #WereProYou #Interim #Leadership #TalentAdvisory #InterimLeadership #Talent #Consulting #PE #CFO #PrivateEquity

"People leadership is central to the CFO role now more than ever," says Warwick Bray, former CFO of Telstra. With CFO turnover at a decade-high, it's essential to understand what it takes to secure and succeed in the top finance job. In this article from McKinsey & Company, former CFOs share their valuable advice on how to prepare for the role, navigate the complexities of the position, and stand out as a candidate. From embracing career risks to building a unique vision for the CFO role, this piece offers a comprehensive guide for aspiring finance leaders. Read the full article here: https://lnkd.in/gmKdS2Qw #leadershipdevelopment #executivepresence #leadership #CFO #executivecoaching

Our interviews with financial officers across Europe and Africa highlight the rise of first-time CFOs and the evolving landscape of financial leadership. Discover the changing face of finance professionals and the increasing number of external talents in C-suite positions.  #CFOs #financeleaders #leadership #finance

CEO, CFO, and Board Director Compensation reports by BDO USA. Despite the struggles that many organizations faced over the last years — global disruption, talent shortages, turnover, supply chain issues, technology disruption, and the resultant economic volatility — this year companies have continued to increase pay packages. It's more than just about numbers, as executives' compensation aligns with the evolving demands of leadership roles. #ceo #cfo #executiveleadership

Resilience is the key to finance career building, or so CFO Hilary AC Norris of GTreasury explains as she shares her experiences of facing challenges, as she built a career that has spanned multiple continents including Europe, Asia Pacific, and the US. Norris reflects on the importance of adaptability and understanding diverse business cultures. She emphasizes the need to flex leadership styles depending on regional contexts, such as being more directive or consultative as required. #CFOs #leadership https://lnkd.in/ezUUUqx6

What is "integrated finance leadership solutions"? It's our delivery of CFOs, Finance & Strategy Leaders and the equivalent Interims, exclusively into PE portfolio companies. What is the key to our success? We have found that our policy of "don't diversify, don't dilute" ensures we do not dilute our focus away from Board and Director roles, and we never diversify away from finance positions. Underpinning everything we do is robust research and proactive market mapping. Kieran Price leads our Finance & Strategy Leader focus, supporting CFOs with key direct reports, whilst Aled Homer has built a successful practice securing experienced interim talent for our clients. We are delighted to have partnered firms including The Carlyle Group, Inflexion, EQT Group, Advent International and 3i Group plc amongst many others. #privateequity #CFOs #FinanceLeaders #ExecutiveSearch

🌍 Embracing Collaboration and Cultural Diversity 🤝 Meet Alejandro de Castaneda, the Vice President of Finance for the Financial Planning and Analysis (FP&A) function at Weatherford. With his global mindset and over two decades of international experience, de Castaneda has been driving change and leading the company towards greater profitability and resilience. For de Castaneda, effective collaboration is the key to success. "To build trust and strong relationships, it's important to understand the business and the people you are working with, as well as the realities of different cultures," he says. Since joining Weatherford, de Castaneda has been focused on simplifying processes, improving service quality, and creating more value for shareholders. These initiatives have resulted in incredible growth in profit and unprecedented cash generation for the company. De Castaneda's international background enables him to unify Weatherford's strategy across the globe while considering the unique characteristics of each country and region. Having studied in Spain and Italy and worked in various finance roles across Europe and Latin America, he understands the importance of cultural nuances in business integration and leadership. But his influence extends beyond his professional life. De Castaneda and his wife, who also have diverse backgrounds, have prioritized cultural exposure for their children. They enrolled them in an international school, where they participate in events like the March of Nations, celebrating the rich diversity of more than eighty countries. De Castaneda believes that being open to understanding different cultures not only enriches our personal lives but also shapes us into better leaders. Read his feature here: https://hubs.la/Q02hqG0M0 #HispanicExecMag #LatinoLeaders #Collaboration #CulturalDiversity #Leadership #SuccessStory