ARTICLE
30 September 2022

Interim CFO? Tackle The Hard Things!

AC
Ankura Consulting Group LLC

Contributor

Ankura Consulting Group, LLC is an independent global expert services and advisory firm that delivers end-to-end solutions to help clients at critical inflection points related to conflict, crisis, performance, risk, strategy, and transformation. Ankura consists of more than 1,800 professionals and has served 3,000+ clients across 55 countries. Collaborative lateral thinking, hard-earned experience, and multidisciplinary capabilities drive results and Ankura is unrivalled in its ability to assist clients to Protect, Create, and Recover Value. For more information, please visit, ankura.com.
The age old problem in finance is what to do if the CFO leaves or there is a change of strategic plans for finance. Many times companies conduct a dual external search process...
United States Finance and Banking

The age old problem in finance is what to do if the CFO leaves or there is a change of strategic plans for finance. Many times companies conduct a dual external search process and may nominate an internal interim candidate to plug the gap. Sometimes the nature of the role is such that a professional interim CFO is located to fill a gap for the external search process to take place. There is no right or wrong way to solve the opening, we just know it needs to be solved. Interestingly, the inclusion of an outside interim CFO can be a great kickstarter on a transformation process with a fresh perspective and get stuff done worklist. We encourage this process as a "pivot" to the next version of finance for our clients. Don't let a good crisis go to waste - tackle the hard problems and set a new course for the next permanent CFO to take the yoke.

Based on current change environment and dynamic market changes, we expect to see a lot of interim CFO opportunities surface as clients hit the pivot button and require different skill sets. More to come...

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