Finance Departments and Training CEO’s With the

Finance Departments and Training CEO’s With the

Finance Departments and Training CEO’s
With the proliferation of corporate takeovers, leveraged buyouts, and restructuring in the US, it would seem that chief financial officers (CFO) hold the keys to executive wisdom Recruiters report a growing trend of grooming CFO’s for chief executive officer (CEO) positions, with some estimating that nearly 25% of top corporate leaders are former CFO’s Analysts, academics, and headhunters agree that the ideal CEO communicates well, is adept at managing managers, understands the company’s product and operations, and provides a consistent vision 
A recent survey by Management Practices Quarterly reveals that, of 83 new CEO’s appointed in 1988, more than 18% came from operations-production backgrounds, some 23% had technical training, while only 144% had a financial background 
D Wayne Calloway, who became CEO of PepsiCo in May 1986, was formerly the company’s CFO and is probably the best example of the valuable experience CFO’s can bring to the CEO position Question:
Do you think finance departments are the best place to trainfuture CEO’s? Provide two actual examples of CFO’s of publicly-traded companieswho became CEO’s of publicly-traded companies within the past 5 years Do theseindividuals have the CPA and/or CFA designations?

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