CEO and CFO: What Makes it Work?
The CEO-CFO partnership is one of the most important in an organization, and as Deloitte recently noted, is one that has undergone major transformations in recent years.
However, not every pairing works, the firm notes, so boards that are making these selections need to pay attention to personality types just as they do prior experience and qualifications. In a survey of CFOs, more half of respondents identified their working style as that of a driver - someone who is logical, experimental, determined, analytical, direct, competitive, decisive, tough-minded and pragmatic.
Another 10 percent said they were pioneers while 10 percent labeled themselves integrators. The other 30 percent dubbed themselves guardians, being they were meticulous, traditional, calm, loyal, concrete, process/detail oriented, socially conscious and conscientious.
When asked to categorize the working styles of their CEOs, one-third called the chief executive a driver and one-third were pioneers - adventurous, spontaneous, creative, adaptable, spontaneous, full of energy and interested in new experiences.
Based on its analysis, Deloitte determined that it's key to have one driver in the relationship, and that it's more often the CFO who fills that role.
"Their above-average flexibility in pairing with CEO types may give them more career opportunities, better CEO working relationships, and better ability to absorb CEO changes," the researchers commented. "It may help them reach and succeed in future CEO roles as well."