From CFO to CEO: Route to the top
The role of the CEO is becoming increasingly complex. Aside from managing and growing the business, the CEO has to deal with an ever widening range of stakeholders, pay due attention to corporate governance issues and ensure that the business has sound financial management. The job is becoming more demanding than ever before and, especially during a time of economic crisis, the CEO is required to have strong financial ability.
The current economic climate has presented CFOs in Central and Eastern Europe with a unique opportunity to take on top leadership positions that were once reserved for executives who had built their reputations in market-facing roles. Nowadays, there is no reason why the next generation of leaders should not come from the finance function, but in order to progress into general management roles, aspiring finance executives must educate themselves about all aspects of the business, seek out different experiences and responsibilities, and avoid being confined to their silos.
This report is the result of a series of interviews conducted by Spencer Stuart consultants with CEOs and CFOs of companies operating in Central and Eastern Europe across a range of sectors.
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