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StrategicCFO360, a member of the Chief Executive Officer Group, and the CFO Leadership Council announce the winners of the second annual CFO Leadership Awards, recognizing those in one of the most demanding, important and rapidly changing roles in business. Recognized finance executives who set new standards of excellence. The selection committee, which included CFOs from Bank of America, Humana, Oracle, Starbucks, Marriott International, and other well-known companies, included Peter Ovaldyk, CFO and EVP of T-Mobile (pictured above, right); ) was selected as the CFO of the Year. Costco CFO Richard Galanti has been selected as the 2024 Lifetime Achievement Award…

In a world where customer expectations are higher than ever, personalization has become a strategic necessity, and AI-driven “personalized leaders”—effectively leveraging AI and other data-driven approaches—are making personalization a strategic necessity. , companies are expected to provide highly customized customer experiences. As consumers become more difficult to satisfy, businesses must leverage AI to deliver seamless, customized experiences at every touchpoint. This change goes beyond marketing and requires an overhaul of organizational structures and the integration of customer experience, marketing, and data analytics to deliver value quickly and at scale.Agile ways of working are essential to jump-start and succeed in personalization…

True leadership is about more than just managing numbers; it’s about empowering teams and embracing change. This is what Navneet Govil has learned as executive managing partner and CFO of Softbank Investment Advisors. Managing huge investments in tech startups that have gone on to change the business world—like DoorDash and Uber—requires an innovative and adaptable team. “The idea is that they should feel empowered to be innovators in their jobs and roles,” says Govil. “They can bring about innovation and have the autonomy and freedom. They feel like you don’t have to start a company to be an entrepreneur. The…

In today's business environment, the strength of a single team is no longer sufficient to ensure organizational agility. Success depends on something broader, including a collaborative network that spans internal teams, external partners, suppliers, and even competitors. These networks are critical to fostering innovation and allowing companies to pivot quickly in response to market changes. As a CEO, mastering the art of creating and maintaining these networks is key to ensuring your company's future relevance. A study published in Harvard Business Review highlights the critical role of collaboration in tough economic times. During the 2008 financial crisis, the top 10%…

One of the most talked-about trends related to finance over the past three years has been the changing role of the CFO. But it's not just changing. It's expanding. Deloitte calls this phenomenon “exponential” CFOs, suggesting not just expansion but rapid expansion. According to Deloitte, an exponential CFO has three goals. It's about accelerating value creation, driving operational excellence across the company, and shaping people and culture. This is a much wider range than what is prescribed in financial textbooks. But does the exponential framework match reality, and how do technologies like GenAI need to mature to give CFOs more…

While the hype surrounding GenAI's promise is loud and contagious, Richard Kerr believes CEOs should take lessons from the dot-com era and keep their feet on the ground when it comes to new technology. As the founder of MarketScout, one of the insurance industry's first pure business dot coms, Kerr remembers the madness of the fin de siècle. “We had 322 participants from the beginning,” he says. “There was a euphoria going on, just like with AI today. But of the 322 companies that were founded then, only two remain today.” MarketScout was one of the few success stories. In…

“There is still a need for employees to occasionally collaborate in a physical space, but the direction is unambiguous at this time. CFOs have a clear vision and create processes and procedures for hybrid work.” says Britton. Finance executives have made great strides in managing fully remote or hybrid teams. However, flexible work models are still relatively new, so CFOs need to set clear expectations for remote workers, keep remote employees engaged, provide opportunities for direct interaction with remote and hybrid colleagues, and for compliance purposes. We're making tweaks in areas like remote worker tracking. . thrive on interaction At…

As hybrid work becomes more normalized and business travel and international assignments return, the workforce is more geographically dispersed than ever before. A survey of 1,800 knowledge workers found that nearly 60% are working further away from the office than before 2020. Furthermore, 91% of employees agreed that they “should be able to work wherever they want as long as it gets the job done.” Work location flexibility has become so mainstream that people are willing to leave jobs that don't offer it. When respondents were asked what caused them to leave their previous employer or leave their current employer,…

The ability to tell a story was embodied in a list of required CFO skills specifications several years ago. After all, CFOs often communicate important information that their audience needs to hear, understand, and often act on. Compelling storytelling can accomplish all three. “Inherently, people are much more story-driven than they are information-driven,” Sam Kemp, chief financial officer at Bilt Technologies, told StrategicCFO360 last August. “Presenting clear logic to people is not the way to get them excited about your strategy or operating model or to get them to follow your ideas.” Prominent CFOs are acutely aware of the value…

When Carla Trotman took over the reins of Electro Soft, a family-owned contract electronics manufacturing company, she had already worked there long enough to change the style of clothing in Montgomeryville, Pennsylvania from “lifestyle.” , I knew some things had to change. Transform your business into a growth engine. The three most important things she came up with to take advantage of today's reshoring phenomenon and scale her company are: Revolutionize the sales process by leveraging the Internet and e-commerce. and promote the benefits of manufacturing employment, particularly at Electrosoft. “We changed the entire structure of the company and are…