She's back! The second installment, in collab with Helen Parker and Kaila (Malone) Rakin, sees Hypatia Kingsley discuss role changes across the financial team. From elevation of the CFO to the ongoing risk of glass cliff scenarios, have a read and let us know what you think 👇 #CFO #Leadership #executivesearch
Welcome back to __Hypatia Onboards: The Mini-Series__ where I practice pitching my new firm’s capabilities and share insights from our fantastic team at Leathwaite! Next up on the faculty front are Kaila (Malone) Rakin and Helen Parker, two stellar Consultants in our CFO practice. Helen has been with us for seven years and has worked in both our London and New York offices and specializes in both financial services and private equity portfolio companies. Kaila joined us eight years ago and has a specialization in CFOs as well as other executive roles in financial services and corporate roles in private equity. Kaila and Helen’s article (👇) highlights the latest in Financial Officer leadership as we enter the second half of 2024: - default elevation of the CFO role is having impact on other financial officers; - CFO profiles have decidedly changed (only one of the 20 new Fortune 100 CFOs in 2023 has a CPA), creating larger technical and leadership gaps in the accounting and tax functions; - As a consequence, the roles of the Chief Accounting Officer and Chief Tax Officer are on the ascendancy with higher expectations for their own transformative impact; - These pressures are driving a looming succession crisis in senior tax leadership across the sector; - Technology debt is felt acutely in finance organizations, and those orgs who automated early and often (for example big tech companies) are winning the talent wars; - Diversity amongst financial officers has shown incremental improvement and yet the risks of “glass cliffs” remain real. Read more and learn more (like I am!) below as I continue onboarding at Leathwaite! #Leadership #Innovation #Transformation #FinancialServices